If $22,050 Is the Amount Payable in Two Years for a $20,000

question 91

Multiple Choice

If $22,050 is the amount payable in two years for a $20,000 simple loan made today,the interest rate is

• A)5 percent.
• B)10 percent.
• C)22 percent.
• D)25 percent.

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Definitions:

Street Crimes

Include arson, break and enter, assault, and other illegal acts disproportionately committed by people from lower classes.

Deviance

Describes actions or behaviors that violate societal norms and are usually subject to negative sanction.

Consensus Crimes

Offenses that are universally agreed to be crimes, such as murder, due to their inherently harmful nature and the consensus over their criminal status.

Homicide

The act of one human killing another human being.