Which of the Following Is Most Accurate About Interest Rates

Which of the following is most accurate about interest rates in Canada?

A) Charging a rate of three percent for a seven day payday loan is legal in Canada.
B) As long as loan charges come in the form of fees,they are not included in interest rate calculations in Canada.
C) Payday loan companies provide a necessary service and have permission to charge above the maximum loan rate in Canada.
D) The maximum interest rate that can be legally charged on a consumer loan in Canada is 60 percent.