Question

Which will have a higher effective interest rate a payday loan for $2300 do in 15 days of the fee of $120 or a payday or loan for $2,300 due in 13 days with the fee of $120

Answer 1

A payday loan for $2300 due in 13 days with a fee of $120, because it has the shorter period

Explanation:

Answer 2

Hi I see you are new to

Explanation:

I think it is the $2300

because the loan has to be done in

15 days bye good night sweet dreams to you