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Quick Loans will loan you $600 with the understanding that you will repay them $665 in two weeks. What is the APR for this loan?

Quick Loans will loan you $600 with the understanding that you will repay them $665 in two weeks. What is the APR for this loan?
asked 135k views
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Quick Loans will loan you $600 with the understanding that you will repay them $665 in two weeks. What is the APR for this loan?

asked
User Hongyi Li
by
8.4k points

1 Answer

2 votes
2889.58 is the answer
answered
User Mecampbellsoup
by
8.6k points
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