What is the apr of a payday loan for $730 due in 15 days that charges a $75 fee?

a. 25%

b. 250%

c. 2500%

d. 2.5%

Option B 250% is the answer.

Step-by-step explanation:

Amount of pay day loan = $730

Also given is that the payday loan for $730 due in 15 days that charges a $75 fee.

The working is as follows:

Charges per day =

Charges per year =

Hence, for the due amount of $730, it will be charged on a rate of APR =

= 250%

The values of x, when f(x) = 0 are the y-intercepts of the graph, and the values are -2, 1 and 3

The points on the function on the graph are given as:

In the above ordered pairs, the points where y or f(x) equals 0 are:

Remove the y-values

The above set represents the values of x, when f(x) = 0.

Hence, the values of x, when f(x) = 0 are -2, 1 and 3

Read more about y-intercepts at:

link