Ask Question
5 July, 08:07

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

+4
Answers (1)
  1. 5 July, 08:21
    0
    b.

    total fees divided by loan amount
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers