IDK! I'M DOING IT FOR THE POINTS! LEL!
The annual percentage rate on the loan is 321%
<h3>Calculations and Parameters:</h3>
Using this formula
Annual percentage rate=(Fees/Refund)×(Numbers of days in a year/ Term of loan)
Annual percentage rate=(130/985)×(365 days/15 days)
Annual percentage rate=0.1319797×24.333×100
Annual percentage rate=321%
Therefore, the correct answer is option D.
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What you are going to do is,
x/2=14
Multiply 2 on both sides of the equal bar. Then x=28 is your answer.
The answer to this is -11/12