document.write( "Question 1146643: A payday loan company charges a $90 fee for a $400 payday loan that will be repaid in 16 days.\r
\n" );
document.write( "\n" );
document.write( "Treating the fee as interest paid, what is the equivalent annual interest rate?
\n" );
document.write( " \n" );
document.write( "
Algebra.Com's Answer #767972 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! Now you should be wise enough never to go for a payday loan. \n" ); document.write( " |