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13 October, 21:11

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 days

b. 19 days

c. 90 days

d. 95 days

+3
Answers (2)
  1. 13 October, 21:18
    0
    the correct answer is c 90 days just took the test
  2. 13 October, 21:22
    0
    C is da way
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