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26 December, 13:41

Kimberly took out a payday loan for $1500 due in 4 weeks that charged a $135 fee. What is the periodic interest rate of the loan

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Answers (2)
  1. 26 December, 14:19
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    Step-by-step explanation:

    135 : 1500 = 0.09 = 9%
  2. 26 December, 14:50
    0
    135:1500=0.09=9%

    That is the right answer
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