Computing loan interest, Lane French had a bad credit

Computing loan interest

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Reference no: EM13130764

Lane French had a bad credit rating and went to a local cash center. He took out a $116 loan payable in two weeks at $132.

What is the percent of interest paid on this loan?

Reference no: EM13130764

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Computing loan interest : Lane French had a bad credit rating and went to a local cash center. He took out a $116 loan payable in two weeks at $132. What is the percent of interest paid on this loan?

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