Solve the Problem. -Andre Borrowed $40,000 to Buy a Truck for His Business

question 9

Multiple Choice

Solve the problem.
-Andre borrowed $40,000 to buy a truck for his business. He borrowed from his parents who charge him 3% simple interest. He borrowed from a credit union that charges 4% simple interest, and he
Borrowed from a bank that charges 6% simple interest. He borrowed four times as much from his
Parents as from the bank, and the amount of interest he paid at the end of 1 yr was $1,560. How
Much did he borrow from each source?

• A) He borrowed $4,000 from his parents, $35,000 from the credit union, and $1,000 from the bank.
• B) He borrowed 1,500 from his parents, 32,500 from the credit union, and 6,000 from the bank.
• C) He borrowed 6,000 from his parents, 32,500 from the credit union, and 1,500 from the bank.
• D) He borrowed $8,000 from his parents, $30,000 from the credit union, and $2,000 from the bank.

Identify the role of power dynamics in shaping gender norms and inequalities, as highlighted by conflict theorists.

Recognize the feminization of poverty and its causes, including the challenges faced by single mothers.

Distinguish between instrumental and expressive roles within family dynamics and their relation to gender expectations.

Explore the significance of gendered health issues and life expectancy rates in understanding gender inequality.

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Definitions:

Spoils System

A practice where a political party, after winning an election, gives government jobs to its supporters, friends, and relatives as a reward for working toward victory, rather than hiring based on merit.

Hatch Act

A federal law in the United States that prohibits employees in the executive branch of the federal government, except the president, vice-president, and certain designated high-level officials, from engaging in some forms of political activity.

Government Programs

Initiatives and services provided by the governmental bodies designed to meet public needs, including welfare, healthcare, and infrastructure projects.

Regulations

Rules or directives made and maintained by an authority, designed to control or govern conduct within specific areas of activity.