10
RCMultiple Choice

Using Graphs to Advertise — Cumulative exam

Question 10 • FowU - Financial Math - B

Verona goes to a business that offers tax refund anticipation loans because she really wants to get her money right now and not wait. They calculate her refund to be $985 and charge her $130 in fees for the loan. If the term on her loan is 15 days, what is the annual percentage rate on her loan?a.130%b.184%c.317%d.321%

Answer
A
A
B
B
C
C
D
D
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