Register
Dwight took out a payday loan for $1250 due in 4 weeks that charged a $100 fee what is the periodic interest rate of the loan? A.104% B.416% C.8% D.32%
214k views
1 vote
Dwight took out a payday loan for $1250 due in 4 weeks that charged a $100 fee what is the periodic interest rate of the loan?

A.104%
B.416%
C.8%
D.32%

User Roryhewitt
by
7.7k points

2 Answers

4 votes

Answer:

the answer is 8%

Explanation:

i just took the test and got it right, hope this helps!

User Ryzal Yusoff
by
7.6k points
4 votes

Answer:

8%

Explanation:

User Dnlbrky
by
8.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.3m questions

12.0m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Link Copied!