If Someone Receives $24 from a Pawnbroker for a Watch

question 9

Multiple Choice

If someone receives $24 from a pawnbroker for a watch and redeems it one month later for $30, he has:

• A)paid about 150% interest at an annual rate to borrow $24 for one month.
• B)paid about 25% interest at an annual rate to borrow $24 for one month.
• C)borrowed money without paying interest.
• D)paid about 300% interest at an annual rate to borrow $24 for one month.
• E)paid about 72% interest at an annual rate to borrow $24 for one month.

---

Definitions:

Bipolar Cell

A type of neuron which is found in the retina of the eye, acting as a relay between photoreceptors and ganglion cells.

Cone

A type of photoreceptor cell in the retina of the eye that is responsible for color vision and functions best in relatively bright light.

Feature Detectors

Neurons in the brain that are responsible for processing specific features of stimuli, such as lines, edges, or movement.

Cortex

The outer layer of the brain, involved in various high-level brain functions such as memory, attention, perception, cognition, awareness, thought, language, and consciousness.