You Are Driving on a Road That Has a 5 $\frac { 5 } { 100 }$

question 453

Multiple Choice

You are driving on a road that has a 5% uphill grade.This means that the slope of the road is $\frac { 5 } { 100 }$ .Approximate the amount of vertical change in your position if you drive 400 feet.

• A)18 ft
• B)21 ft
• C)22 ft
• D)19 ft
• E)20 ft

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Definitions:

Effective Rate

The interest rate on a loan or investment, adjusted for the effect of compounding over a given period.

Compounded Quarterly

Generating interest on both the initial principal and previously earned interest every three months.

Annual Inflation Rate

The percentage increase in the price of goods and services over a one-year period, reflecting the decreasing purchasing power of a currency.

Purchasing Power

The measure of what one unit of currency can buy in terms of goods or services.