macismom1220 macismom1220
  • 08-01-2023
  • Mathematics
contestada

Question 5 of 10
Mackenzie took out a payday loan for $1100 that charged a $95 fee. If the
loan matures in 2 weeks, what is the approximate effective interest rate of the
loan?
OA. 862%
OB. 86%
OC. 76%
OD. 762%

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