November 28, 2015

Homework Help: business Maths

Posted by Ekanki on Monday, April 23, 2012 at 9:48pm.

Lane French had a bad credit rating and went to a local cash center. He took out a $103 loan payable in five weeks at $123.

What is the percent of interest paid on this loan? Do not round denominator before dividing. (Use calendar year. Round your answer to 2 decimal places. Omit the "%" sign in your response.)

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