If the Interest Rate Is 5 Percent Per Year and You

question 191

Multiple Choice

If the interest rate is 5 percent per year and you borrow $100 for one year, at the end of the year you must pay back

• A) $95.
• B) $100.
• C) $105.
• D) $5.

---

Definitions:

Africa

A continent rich in cultural diversity, natural resources, and history, often noted for its significant socio-economic and political diversity.

Nuclear Weapon

A weapon of mass destruction that utilizes nuclear reactions, either fission or a combination of fission and fusion, to generate an explosion with devastating effects.

Tacit Approval

Implicit consent or agreement without direct acknowledgment or expression.

United States

A country located primarily in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.