After Some Questionable Activity During Your College's Annual Homecoming Party

question 18

Multiple Choice

After some questionable activity during your college's annual homecoming party, your friends need to bail you out of jail. A bail bondsman loans your friends $8000 with the condition that they will repay the loan along with 25¾% annual simple interest. After eight months you go to pay the loan, how much will you owe? Give your answer as a decimal rounded to the nearest hundredth.

• A) $8135.15
• B) $8137.33
• C) $9621.76
• D) $9648.00
• E) None of the above.

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Definitions:

Food Allergies

Adverse immune responses triggered by specific foods, causing symptoms ranging from mild itching to severe anaphylaxis.

Medical Alert Bracelet

A wearable identification tag that provides critical health information of the wearer to emergency responders.

Allergic Response

The body's immune system reaction to a perceived harmful substance, ranging from mild symptoms like a rash to more severe reactions such as anaphylaxis.

Suprainfection

An infection occurring after or on top of an earlier infection, especially when caused by microorganisms resistant to the treatment initially used.