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Jordan is taking out a two-week payday loan for $600. He will be charged $95 interest for the two-week loan. What is the APR for this loan? Round your answer to the nearest whol…

Jordan is taking out a two-week payday loan for $600. He will be charged $95 interest for the two-week loan. What is the APR for this loan? Round your answer to the nearest whol…
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Jordan is taking out a two-week payday loan for $600. He will be charged $95 interest for the two-week loan. What is the

APR for this loan? Round your answer to the nearest whole number.

User Clay Hinson
by
7.8k points

1 Answer

3 votes
The APR for this loan is 4,717%.
User Wanderer
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8.3k points
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