Question 10 of 10 1 a payday loan for $1500 that Which will have a higher effective interest rate is due in 12 days with a fee of $90, or a payday loan for $1500 that is due in 10 days with a fee of $90? A. A payday loan for $1500 that is due in 10 days with a fee of $90, since it has the shorter period OB. A payday loan for $1500 that is due in 12 days with a fee of $90, since it has the shorter period OC. A payday loan for $1500 that is due in 10 days with a fee of $90, since it has the longer period D. A payday loan for $1500 that is due in 12 days with a fee of $90,