Bill Borrowed $3,600 and Will Be Charged a Simple Interest

question 67

Multiple Choice

Bill borrowed $3,600 and will be charged a simple interest rate of 18%. Bill will pay ________ interest for borrowing the money on April 1 and repaying the money on December 31.

• A) $468
• B) $648
• C) $486
• D) $162

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Definitions:

White Males

Refers to men who are of European descent or identify as white.

Minorities

Groups in a population that are distinguished by racial, ethnic, religious, or cultural heritage and often have less power or representation compared to the majority group.

Completion Rates

Refers to the percentage of individuals who finish a course, program, or level of education.

Racial-ethnic Groups

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