Gary is a wealthy stockbroker. Unfortunately his identity was stolen and his bank accounts are temporarily frozen. Gary needs a loan to tide him over until he is paid next week. Gary goes to Robert for a loan of $1000. Robert knows Gary and his normal financial situation. Gary provides proof that he normally has the means to repay any loan. Robert loans Gary the money at 500 percent interest. Gary agrees because he needs to pay his rent. Can this transaction voided?

No, because Gary agreed to the terms

No, because Gary can afford to pay the high interest rate

Yes, because a high interest rate always makes the loan agreement void

Yes, because the interest rate is unnecessarily high

No, because a high interest rate is never cause to void a contract

That's incorrect.