The period is 10 days. To figure out the simple annual percentage rate, we need to multiply 22 percent per ten days by the number of ten day periods in a year, which is given by 365 days divided quick loan app in nigeria ten days or 36. Now, we simply take twenty two percent and multiply by 36. This gives us a simple annual percentage rate of 803 percent. So borrowing two hundred dollars for forty four dollars over ten days has an annual percentage rate of 803 percent.
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