SOLUTION: John borrows $100. He pays back $6 per week for 25 weeks and $5 in week 26. What is the interest rate and the APR of this loan?

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Question 244906: John borrows $100. He pays back $6 per week for 25 weeks and $5 in week 26.
What is the interest rate and the APR of this loan?

Answer by Mr. Feliz(12) About Me  (Show Source):
You can put this solution on YOUR website!
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Send this question to: nycfunction@yahoo.com for a reply.
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Mr. Feliz