You Agree to Lend ________ to a Friend for a Year

question 41

Multiple Choice

You agree to lend ________ to a friend for a year at an annual interest rate of 10%. At the end of the year your friend pays you $500 in interest.

• A) $50
• B) $550
• C) $5,000
• D) $5,500

---

Definitions:

Grandparents

The parents of one's parents, often involved in caregiving, support, and cultural transmission within the family.

Regular Care

Ongoing, consistent attention and services provided to maintain health or manage a condition, often in a healthcare or caregiving context.

Custodial Grandparents

Grandparents who have legal custody or guardianship of their grandchildren and are responsible for their care.

Grandchild

A child of one's son or daughter, forming an important part of extended family relationships and generational bonds.