document.write( "Question 1074329: a payday loan company charge a $50 fee for a $600 payday loan that will be repaid in 10 days treating the fee as an interest paid what is the equivalent annual interest rate?
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Algebra.Com's Answer #689119 by Fombitz(32388)\"\" \"About 
You can put this solution on YOUR website!
So 50 is to 10 as X is to 365.
\n" ); document.write( "\"50%2F10=X%2F365\"
\n" ); document.write( "\"X=5%2A365\"
\n" ); document.write( "\"X=1825\"
\n" ); document.write( "Then,
\n" ); document.write( "\"X%2F600=1825%2F600=3.0417\"
\n" ); document.write( "304.17% APR
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