Determine the annual percentage rate (apr) for a tax refund anticipation loan based on the following information. (round to the nearest percent.)
amount of loan = $985
total fees paid = $135
term of loan = 10 days
a.
50%
b.
137%
c.
266%
d.
500%

The correct answer is D. 500%

Step-by-step explanation:

Amount of Loan = $985

Total fees paid = $135

Term of loan = 10 days

= 0.137 × 365

=  50.03

= 5.003 × 100

= 500%

Hence, The correct answer is D. 500%

d

step-by-step explanation:

by observation, we can see that the the graph is simply the graph of y = |x| that has been shifted 4 units downwards and 3 units to the left.

we can recognize in choice d :

y = | x + 3 |   - 4 (rewriting in general form)

y = | x - (- 3) |   - 4

the "-4 " term means   that the graph has been shifted by 4 units in the negative y direction

the "-3 " term means   that the graph has been shifted by 3 units in the negative x direction

this matches our observation of the graph described above.

the formula of a slope:

we have the points (-2, 7) and (2, 3). substitute: