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Sam Wants a Loan from Dean

question 79

Essay

Sam wants a loan from Dean. While discussing the interest, Dean told Sam that he will give him two options. Which one should Sam choose and why? The options are:
a. Sam will pay the nominal interest of 8 percent per annum.
b. Sam will pay real interest of 4 percent per annum.


Definitions:

Group Members

Individuals who are part of a collective or organization sharing common goals, interests, or identities.

Role Playing

A training or problem-solving method where participants act out roles in specific scenarios to practice behaviors, skills, or problem-solving strategies.

Rehearsing

The act of practicing or going over a task or performance in preparation for a public presentation or event.

Situation

The set of circumstances or context in which an event occurs or in which individuals find themselves.

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