Taylor Whitney it's a word problem A payday loan company charges a $25 fee for a $700 payday loan that will be repaid in 12 days. Treating the fee as interest paid, what is the equivalent annual interest rate.

Step-by-step explanation:

Using I = (PRt)/100

Ratio of fee and principal amount = fee/amount

= 25/700

= 1/28

Fee(interest) for 12 days = $25

In 1 day,

= (1/28) * 1/12

= 1/336

For a year, that is 365 days

Fee (interest) = 365 * (1/336)

= 1.08 * 100

= 108 %

7! = 7×6×5×4×3×2

3! = 3× 2

as 7! is multiple of 3! because 7! contains 3! that is 3× 2 as factor

so 7! /(3! ) = 7× 6× 5× 4

= 42 × 20

= 840

its b) 840✌✌✌

dhruv⭐

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