QuestionAugust 9, 2025

On average, how much interest is the typical pay day loan borrower charged? The typical borrower is charged an average of 6000 in interest. The typical borrower is charged an average of 520 in interest. The typical borrower is charged an average of 40 in interest.

On average, how much interest is the typical pay day loan borrower charged? The typical borrower is charged an average of 6000 in interest. The typical borrower is charged an average of 520 in interest. The typical borrower is charged an average of 40 in interest.
On average, how much interest is the typical pay day loan borrower
charged?
The typical borrower is charged an average of 6000 in interest.
The typical borrower is charged an average of 520 in interest.
The typical borrower is charged an average of 40 in interest.

Solution
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Answer

\520 Explanation 1. Identify the correct average interest Compare the given amounts: \6000, \520, and \40. The typical payday loan borrower is charged an average of \520 in interest.

Explanation

1. Identify the correct average interest<br /> Compare the given amounts: $\$6000$, $\$520$, and $\$40$. The typical payday loan borrower is charged an average of $\$520$ in interest.
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