2
QuizMultiple Choice

Consumer Responsibilities

Question 2 • AZ-College Prep Math B

Kaleb wants to get a payday loan in the amount of $375. He knows that the annual percentage rates (APR) for these types of loans are high, but he is hoping to find one that has an APR of 40%. If Kaleb finds a business that charges a fee of $37 for the loan, what would the term of the loan need to be in order for Kaleb to get his desired APR?a. 9 daysb. 19 daysc. 90 daysd. 95 days

Answer
A
A
B
B
C
C
D
D
Next