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6 August, 04:35

How is the interest rate on a payday loan calculated?

a.

loan amount divided by total fees

b.

total fees divided by loan amount

c.

total fees divided by days of loan

d.

APR divided by 365

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Answers (1)
  1. 6 August, 04:53
    0
    b.

    total fees divided by loan amount
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