A Bank Credit Card Charges Interest at the Rate of 15

question 17

Multiple Choice

A bank credit card charges interest at the rate of 15% per year, compounded monthly.If a senior in college charges her last tuition bill of $1,100 and intends to pay it in one year, what will she have to
Pay?

• A)$1,277.07
• B)$1,325.31
• C)$1,276.83
• D)$1,113.75
• E)$1,239.51

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Definitions:

Marijuana

A psychoactive drug derived from the Cannabis plant, used both recreationally and, in some jurisdictions, for medicinal purposes.

Impulsivity

The tendency to act on a whim, displaying behavior characterized by little or no forethought, reflection, or consideration of the consequences.

Histrionic

Characterizes a personality disorder marked by excessive emotionality and attention-seeking behavior.

Personality Disorders

A group of mental disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating markedly from those accepted by the individual's culture.