Solve the Problem. -You Have a Tax Refund of $496.61. You Are Able

Multiple Choice

Solve the problem.
-You have a tax refund of $496.61. You are able to get the tax refund immediately from your tax Preparation agency for a finance charge of $49.88. What annual simple interest rate are you paying For this loan assuming the tax refund check would be available in 13 days? Round to the nearest Hundredth.

A) 27.81%
B) 309.20%
C) 30.92%
D) 278.14%