Mathematics, 24.01.2020 16:31 screamqueen

Tess took out a payday loan with an effective interest rate of 34,700%. if she had $240 to invest for a year at this interest rate, how much would she make in interest?

a. $8328
b. $83,280
c. $8,328,000
d. $832,800

Answers: 1

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Tess took out a payday loan with an effective interest rate of 34,700%. if she had $240 to invest for a year at this interest rate, how much would she make in interest? a. $8328 b. $83,280 c. $8,328,000 d. $832,800

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Another question on Mathematics

Tess took out a payday loan with an effective interest rate of 34,700%. if she had $240 to invest for a year at this interest rate, how much would she make in interest?

a. $8328
b. $83,280
c. $8,328,000
d. $832,800