Read the scenario. Bill applied for a payday loan. His loan amount was $300 and included a $50 fee. However, he could not repay his loan when it was due. He rolled over the loan two times, and each time

Read the scenario.

Bill applied for a payday loan. His loan amount was $300 and included a $50 fee. However, he could not repay his loan when it was due. He rolled over the loan two times, and each time it cost $45.

How much did Bill spend to repay the entire loan?

$440
$410
$350
$375

1 Answer

Read the scenario. Bill applied for a payday loan. His loan amount was $300 and included a $50 fee. However, he could not repay his loan when it was due. He rolled over the loan…

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