D. 400%
Payday loans typically have very high annual percentage rates (APRs), often exceeding 300% or 400%, depending on the state regulations and the specific lender.
Based on what you've learned so far what do you think is the average annual percentage rate (APR) on a payday loan?
A.
0%
B.
10%
C.
30%
D.
400%
1 answer