Question: A payday loan is made for five weeks, where the amount of Interest owed per $100 borrowed is $20. If you borrow $700 for

A payday loan is made for five weeks, where the amount of

A payday loan is made for five weeks, where the amount of Interest owed per $100 borrowed is $20. If you borrow $700 for five weeks, how much do you owe at the end of the five weeks?

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