N = the value of the number in a sequence
a.) 5, 10, 15, 20, ........ 50
b.) -1, -3, -7, -15, ..... -1023
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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Answer:
I am going to say 6 , please let me know if I am wrong :)