Solve the Problem

question 69

Multiple Choice

Solve the problem. Round rates to the nearest tenth of a percent, dollar amounts to the nearest cent, and time to the nearest day.
-Sam Peters signs a $4,500 note. His bank charges a 10% discount rate. Find the effective rate charged by the bank if the note is for 9 months.

• A)9.7%
• B)10.9%
• C)10%
• D)10.8%

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Definitions:

Hegemonic

Relating to or denoting the domination of one social group or nation over others, often manifesting in cultural, economic, or political influence.

Emphasized Femininity

A concept that refers to a set of socially constructed ideals of female behavior that emphasize compliance, nurturance, and deference to men's power and interests.

Dominant Forms

Refers to the most powerful, prevalent, or influential forms or versions of something in a particular context or society.

Masculinity

A set of attributes, behaviors, and roles associated with boys and men as influenced by cultural, societal, and personal standards.