Rico complained to his brother that he had to rollover a payday loan seven times before finally saving enough money to pay it off. In the end it cost him $450. What finance charge was Rico paying the payday lender every two weeks if he originally wanted to borrow $250?

Question

02-03-2021
Mathematics

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Rico complained to his brother that he had to rollover a payday loan seven times before finally saving enough money to pay it off. In the end it cost him $450. What finance charge was Rico paying the payday lender every two weeks if he originally wanted to borrow $250?

Sagot :

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