50
QuizMultiple Choice

Using Graphs to Advertise — Cumulative exam

Question 50 • FowU - Financial Math - B

Shaquil needs to borrow $400. The loan company charges him $80 in fees for the loan. Shaquil calculates that the annual percentage rate (APR) on his loan is 250%. Approximately what is the term of Shaquil’s loan?a.7 daysb.29 daysc.46 daysd.73 days

Answer
A
A
B
B
C
C
D
D
Shaquil needs to borrow $400. The loan company…