What Share of Their Loot Did Spanish Explorers Have to Turn

question 11

Multiple Choice

What share of their loot did Spanish explorers have to turn over to the crown for taxes?

• A) About 5 percent of the take
• B) A flat rate based on the size of the ship
• C) About 20 percent of the take
• D) About 50 percent of the take

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Definitions:

Annual Interest Rate

The percentage increase in the amount of money owed as interest on a loan or investment, calculated on an annual basis.

Principal

The original sum of money borrowed in a loan, or the amount of the investment, excluding any interest or dividends.

Accounts Receivable-Redding

Accounts receivable specifically related to the Redding location or branch, indicating money owed by customers for goods or services delivered.

$8,300 Balance

A specific amount, often referring to the closing or remaining value in a particular account at a given moment.