Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. a payday loan store charges $25 for a one-month lo

A payday loan store charges $25 for a one-month loan of $240. What annual interest...

60.1K

Verified Solution

Question

Basic Math

image

image

A payday loan store charges $25 for a one-month loan of $240. What annual interest rate is this equivalent to?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Why is it important that there is a “satisfactory linear portion” in the enzyme assay?

Biology
Q

Describe thinking, intelligence, and creativity. How are thinking, intelligence, and creativity related? Does one’s creativity illustrate anything...

Psychology
Q

(I/O Psych.) In lawsuits invovling performance appraisals, judgements are more likely to favor defendants (organizations) when: a. only...

Psychology
Q

Problem 8 ( please write neatly and in full ) a) Draw the block diagram with...

Electrical Engineering
Q

Based on the measures provided in the diagram determine the measure of MNH You may...

Geometry
Q

Listen Find the value of the highlighted angle 13x1 11x 13

Geometry
Q

MY NO A homeowner planning a kitchen remodeling can afford a 300 monthly payment How...

Basic Math
Q

Determine the domain and range of the function 3 2 3 2 H 2 3...

Algebra
Q

Explain the following terms, providing their definitions and uses of each in Management Accounting context:...

Accounting
Q

After much experimentation and trial and error, TechSmart launched a GPS-enabled shoe into the market....

Accounting
Q

Phoenix Incorporated, a cellular communication company, has multiple business units, organized as divisions. Each divisions...

Accounting
Q

You are given the following information about South Sandal City: Total Fund Balance (Governmental Funds):...

Accounting