document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1148366>Question 1148366</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A payday loan company charges a $95 fee for a $350 payday loan that will be repaid in 19 days.\r<BR>\n" );
document.write( "\n" );
document.write( "Treating the fee as interest paid, what is the equivalent annual interest rate? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #772777 by </B><A HREF=/tutors/aboutme.mpl?userid=math_helper><B>math_helper(2461)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=math_helper><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=math_helper><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=772777\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> (365/19) * (95/350) = 5.21,  or <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+highlight%28matrix%281%2C3%2C+%22521%22%2C%22+%25%22%2C%22%22%29%29+ ALIGN=MIDDLE  ALT=\"+highlight%28matrix%281%2C3%2C+%22521%22%2C%22+%25%22%2C%22%22%29%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><br>\r<BR>\n" );
document.write( "\n" );
document.write( "Clearly a good reason to avoid using payday loans. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );