To Pay for College, a Student Borrows $4,200 Interest-Free from His

question 23

Multiple Choice

To pay for college, a student borrows $4,200 interest-free from his father.If he pays his father back at the rate of $190 per month, how much will he still owe after 15 months?

• A)$1,050
• B)$780
• C)$2,850
• D)$1,350
• E)none of the above

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Definitions:

Cyrus Field

An American entrepreneur and inventor best known for laying the first successful transatlantic telegraph cable in 1858, revolutionizing international communication.

Transatlantic Telegraph Cable

An undersea cable laid across the Atlantic Ocean used for telegraph communications, first successfully completed in 1866, markedly reducing communication time between Europe and North America.

Underwater

The term "underwater" refers to being submerged in or covered by water, often used in the context of diving, marine environments, or submerged objects.

Annexationists

Advocates for the acquisition of territories not currently under their country’s control, often for strategic, economic, or political reasons.