Mathematics, 15.12.2020 23:20 yarrito20011307

Which will have a higher effective interest rate – a payday loan for $1500 that is due in 12 days with a fee
of $90, or a payday loan for $1500 that is due in 10 days
with a fee of $90?

Answers: 2

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More questions: Mathematics Another questions

Which will have a higher effective interest rate – a payday loan for $1500 that is due in 12 days with a fee of $90, or a payday loan for $1500 that is due in 10 days with a fee of $90?

Answers

Another question on Mathematics

Which will have a higher effective interest rate – a payday loan for $1500 that is due in 12 days with a fee
of $90, or a payday loan for $1500 that is due in 10 days
with a fee of $90?