Based on a $400 loan amount, rank the following companies from the lowest to highest annual percentage rate (APR).CompanyFees ChargedTerm of LoanA$405 daysB$5012 daysC$8015 daysD$10020 days

Estimate each APR by dividing the fee by the $400 loan and annualizing for the loan term: APR = (fee ÷ $400) × (365 ÷ days) × 100%. Company A is about 730%, B about 380%, C about 487%, and D about 456%. From lowest to highest, the order is B, D, C, A, which is choice B.

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