How Much Interest Will $200

question 2

Multiple Choice

How much interest will $200.00 earn in one year if the interest rate is 8 1/4%?

• A) $15.50
• B) $16.50
• C) $17.50
• D) $18.50

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Definitions:

Adolescents

Refers to individuals in the transitional stage of physical and psychological development that occurs between childhood and adulthood.

Abstractly

Pertaining to ideas or concepts that are not associated with any specific instance or physical objects.

Metaphors

A figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable.

Phonics Approach

An approach emphasizing that reading instruction should focus on teaching the basic rules for translating written symbols into sounds.