The Interest Rate for a Three-Month Loan Would Normally Be

question 90

Multiple Choice

The interest rate for a three-month loan would normally be stated in terms of which of the following rates of interest?

• A)Daily
• B)Monthly
• C)Quarterly
• D)Annual

---

Definitions:

Green Alga

Photosynthetic algae, mostly aquatic, which contain chlorophyll and produce oxygen, forming the basis of many aquatic food chains.

Spirogyra

A genus of filamentous green algae known for its spiral chloroplasts, commonly found in freshwater environments.

Chloroplasts

organelles found in plant cells and some algae that conduct photosynthesis, converting light energy into chemical energy stored in ATP and NADPH.

Spiral

A curve that winds around a fixed center point at a continuously increasing or decreasing distance from the point.