Final answer:
The question presents a fundamental misunderstanding as the credit score range is up to 850, not 900. A low APR such as 3% on a car loan usually requires an excellent credit score from 720 to 850, not above 850.
Step-by-step explanation:
The question 'Which of the following could be a possible credit score for someone who has a 3% APR on a loan for a new car? D. 900' is based on a misunderstanding of credit scores and APRs, as the highest possible credit score is 850. However, it does relate to important financial concepts.
APR, or Annual Percentage Rate, represents the annual cost of borrowing credit, including interest and fees. Credit scores, on the other hand, are ratings assigned to individuals to represent their creditworthiness based on their credit history.
To obtain a low APR like 3% on a car loan, one would typically need an excellent credit score, which ranges from 720 to 850. Therefore, a possible credit score could be within this range.