Interest Is Equal To

question 12

Multiple Choice

Interest is equal to:

• A)Principal × rate divided by time
• B)Principal divided by rate × time
• C)Principal × time
• D)Principal × rate × time
• E)None of these

---

Definitions:

GDP Deflator

An economic measure that adjusts the nominal GDP to reflect changes in price levels, providing a more accurate picture of an economy's size over time.

GDP Per Person

Gross Domestic Product per capita; a measure of a country's economic output that accounts for its number of people.

Infant Mortality

The rate at which babies under one year of age die, typically expressed per 1,000 live births.

Safe Drinking Water

Water that meets established safety standards for consumption without causing health risks.