Assume the usury limit is 20 percent in your state. What is the annual dollar amount of

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Assume the usury limit is 20 percent in your state. What is the annual dollar amount of interest charged on a loan of $1,000 where the interest rate is a legal 20 percent. Compare that with the dollar amount of interest on a $1,000 loan carrying a usurious 25 percent. Does the difference in the interest amounts indicate to society criminal behavior on one lender’s part and not another? Does it indicate criminal behavior to you? What about a business that buys goods at $1,000 each and sells them with a 100 percent markup the same day for $2,000? Is that much markup criminal? Why or why not?

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