Choose the One Alternative That Best Completes the Statement or Answers

question 15

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-In a 1-mile race, the winner crosses the finish line 10 feet ahead of the second-place runner and 30 feet ahead of the third-place runner. Assuming that each runner maintains a constant speed throughout the race, by how
Many feet does the second-place runner beat the third-place runner? (5280 feet in 1 mile.)

• A) -10.06 ft
• B) 10.02 ft
• C) 20.04 ft
• D) -20.11 ft

---

Definitions:

Effective Interest Rate

The real rate of interest earned or paid on a loan or investment, taking into account the effect of compounding interest as opposed to the nominal rate.

Mexican Pesos

The currency of Mexico, represented by the symbol $ or MXN, used for all financial transactions within the country.

Foreign Exchange Market

A global decentralized or over-the-counter market for trading currencies, determining foreign exchange rates for every currency.

Foreign Exchange Market

The global marketplace for exchanging national currencies against one another, driven by the need for currency conversion in trade and investment.