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13 October, 08:20

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. 13 October, 12:14
    0
    b.

    total fees divided by loan amount
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