Mathematics, 21.06.2021 14:00 sarahidan

A payday loan company charges a $90 fee for a $500 payday loan that will be repaid in 16 days. Treating the fee as interest paid, what is the equivalent annual interest rate?

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A payday loan company charges a $90 fee for a $500 payday loan that will be repaid in 16 days. Trea...

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