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anonymous
 one year ago
Payday loans are a type of loan where you can get money for a future paycheck, typically two weeks in advance. A typical payday loan service might charge $15 for a loan against a paycheck you will receive in two weeks. The interest rate is 10% of the paycheck over that twoweek period. Given this information, which variables in the interest formula are known? Develop a formula that will solve for the unknown variable.
anonymous
 one year ago
Payday loans are a type of loan where you can get money for a future paycheck, typically two weeks in advance. A typical payday loan service might charge $15 for a loan against a paycheck you will receive in two weeks. The interest rate is 10% of the paycheck over that twoweek period. Given this information, which variables in the interest formula are known? Develop a formula that will solve for the unknown variable.

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jackthegreatest
 one year ago
Best ResponseYou've already chosen the best response.0is the $15 the interest?

jackthegreatest
 one year ago
Best ResponseYou've already chosen the best response.0if it is u can set up a proportion

jackthegreatest
 one year ago
Best ResponseYou've already chosen the best response.0ok ur proportion is: 15/x = 10/100

jackthegreatest
 one year ago
Best ResponseYou've already chosen the best response.010x=1500 x = 150

jackthegreatest
 one year ago
Best ResponseYou've already chosen the best response.0does that help?
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