You Lend a Friend $20,000 for a Year

question 64

Multiple Choice

You lend a friend $20,000 for a year. At the end of the year your friend agrees to pay you $21,100. The interest rate on this loan is

• A) 4.50%
• B) 5.00%.
• C) 5.50%.
• D) indeterminate from this information.

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Definitions:

Reaction Structure

The arrangement and connectivity of atoms within the products and reactants of a chemical reaction.

Reaction Structure

A diagram or representation that shows how the atoms or molecules in a chemical reaction are rearranged to form products.

Organic Product

A compound containing carbon that is produced as a result of an organic chemical reaction.

Transformation Reagent

A chemical used to bring about a structural change in a molecule during synthesis.