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In a middle school science lab activity, students are looking at how much water objects of varying sizes and weights displace. Lab partners Jack and Jennifer have just put two equal-size balls-one made of plastic and one made of lead-into separate beakers of water and measured how high the water rose in each one. They've observed that the water rose the same amount in the two beakers. Jack says, "That can't be right. The lead ball should push the water up more because it's heavier." Jennifer responds, "We must have measured wrong. Let's try the experiment again." The two students' reasoning reflects:
Due Payment
The amount of money that is scheduled to be paid at a certain date as part of a financial obligation.
Delay Payment
The act of postponing a payment until a later time, often resulting in additional fees or interest.
Interest Rate
The percentage of a loan that comes with an interest charge to the borrower, often stated as an annual percentage of the loan balance.
Interest
The cost of borrowing money or the profit from lending it, typically expressed as an annual percentage of the principal.
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