Answer:
The correct answer is D. 500%
Step-by-step explanation:
Amount of Loan = $985
Total fees paid = $135
Term of loan = 10 days
[tex]=\frac{985}{135}\\\\=0.137[/tex]
= 0.137 × 365
= 50.03
[tex]=\frac{50.03}{10}\\\\=5.003[/tex]
= 5.003 × 100
= 500%
Hence, The correct answer is D. 500%