You Are Asked to Lend a Friend $10,000 for a Year

question 49

Multiple Choice

You are asked to lend a friend $10,000 for a year. At the end of the year your friend agrees to pay you $10,500. The interest rate on this loan is

• A) 0.05%.
• B) 5.0%
• C) 105%.
• D) indeterminate from this information.

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Definitions:

Quit Smoking

The process of discontinuing tobacco smoking, which can improve health outcomes and decrease risk of smoking-related diseases.

Quitting Smoking

The process of stopping the habit of tobacco smoking, which is beneficial for health.

Starting Weight

The initial weight of an individual before beginning a weight loss or fitness program.

Weight Gain

An increase in body weight, which can be due to muscle mass, fat deposits, or fluid retention.