Garth had unexpected expenses this month and didn't have enough in his saving account to pay the rent of $600.He went to Loanshark Larry's to borrow the money until his next paycheck 15 days from now.Larry charges $100 interest for the 15 days.What is the APR for this payday loan?

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The Answer of Garth had unexpected expenses this month and didn't have enough in his saving account to pay the rent of $600.He went to Loanshark Larry's to borrow the money until his next paycheck 15 days from now.Larry charges $100 interest for the 15 days.What is the APR for this payday loan?

Garth Had Unexpected Expenses This Month and Didn't Have Enough