4
QuizMultiple Choice

Consumer Responsibilities — Quiz

Question 4 • CMS 2026-2027 Economics and Personal Finance HONORS INITIAL CREDIT

Determine the annual percentage rate (APR) for a tax refund anticipation loan based on the given information. (Round to the nearest percent.) amount of loan is equal to 985 dollars total fees paid is equal to 135 dollars term of loan is equal to 10 days

Answer
A
266 percent
B
50 percent
C
500 percent
D
137 percent
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