Payday loans are a type of loan where you can get money for a future
The known variables in the interest formula are:
-Principal (p): The amount of the loan, which is $15
-Interest rate (r): 10% per two weeks
-Principal (p): The amount of the loan, which is $15
-Interest rate (r): 10% per two weeks
Unknown variables:
-Time period (t): Two weeks
-Total interest (I): Unknown, but can be calculated using the formula I = prt.
Order an Essay Now & Get These Features For Free:
Turnitin Report
Formatting
Title Page
Citation
Outline
