More Modern Countries Use More Water

question 45

Multiple Choice

More modern countries use more water.For example,how much water does it take to produce one small car?

• A) 450,000 gallons
• B) 392,600 liters
• C) 104,000 gallons
• D) 45,000 liters
• E) 45,000 gallons

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Definitions:

Quarterly Compounded

Refers to the calculation of interest that is added to the principal balance of an investment or loan four times a year.

Equivalent Effective Rate

A comparable interest rate that equates the interest earned on different investments or loans over the same time period, taking into account the effects of compounding.

Face Value

The original value of a financial instrument as stated on the instrument itself, without accounting for interest or market value fluctuations.

Simple Interest

Interest calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.