0
To calculate the APR (Annual Percentage Rate) of a payday loan, you can use the formula:
[ \text{APR} = \left(\frac{\text{Fee}}{\text{Loan Amount}}\right) \times \left(\frac{365}{\text{Loan Term in Days}}\right) \times 100 ]
For a $730 loan with a $75 fee due in 15 days, the calculation would be:
[ \text{APR} = \left(\frac{75}{730}\right) \times \left(\frac{365}{15}\right) \times 100 \approx 365% ]
Thus, the APR for this payday loan is approximately 365%.
What else can I help you with?
What is a 730 credit score considered?
Average or good or okay...NOT EXCELLENT!
What credit score do you need to get a mortgage?
Currently, it is tough to get a mortgage even with very good credit. 730 is about average so a score close to 800 has a good chance of getting approved.
How stable is the HSBC share price?
HSBC is a multinational banking corporation that deals with millions of dollars a day. The share price is relatively stable, around 730, between 727 and 737.
How does one apply for Peachtree life settlements?
One can apply for Peachtree life settlements online on their website, they have chat assistance available to assist you. One may also call 1-866-730-4411 to apply.
How would a collection of 230 affect a person with 50000 in available credit and 730 score?
Your credit score can be decreased by having collection accounts listed, a judgment, late payments or if you have too much available credit. If you have that much credit, you would want to contact the credit issuer to lower your credit limit. Your debt should never be more than 35% of the available credit. Timely, consistent payments to your creditors and low credit limits will help increase your credit score.
How many hours is in 730 days?
730 days = 17,520 hours
730 days is equal to how many sec?
730 days is; 63,027,000 seconds
How many weeks are there in 730 days?
There are 7 days in one week. Therefore, 730 days is equal to 730/7 = 104 remainder 2 weeks or 104 weeks 2 days.
How many days are there in 2 years?
730 days because there are 365 days in 1 year. So 365 days plus another 365 days equals 730.
How many years are in 730 days?
Well, isn't that a happy little question! In 730 days, there are 2 years. Each year has 365 days, so when you add them together, you get 730 days. Just like painting, sometimes it's nice to break things down into smaller, simpler parts to understand them better.
How many days in 730 hours?
30.416 days
2 year how many days?
It is 730 or 731 days, depending on whether or not a leap year is included.
Is 2 years greater than or less than 730 days?
We can figure this out using the following information:There are 365 days in one year (not using leap years)So 730 days ÷ 365 days/year = 2 years. Therefore If both years are non leap years, 730 days would be exactly the same as 2 years. (730 Days = 2 Years).
How many days in 2 ordinary years?
730 days
How many days are there in two years?
you can multipy 2x36=730 or you can add 365+365=730
What are the release dates for Days of Our Lives - 1965 1-730?
Days of Our Lives - 1965 1-730 was released on: USA: 24 September 1968
How many days are there in 2 non leap years?
730 days.
