To Start a Mobile Dog-Grooming Service, a Woman Borrowed $2,400

question 93

Multiple Choice

To start a mobile dog-grooming service, a woman borrowed $2,400. If the loan was for 2 years and the amount of interest was $120, what simple interest rate was she charged?

• A) 2.1%
• B) 2.5%
• C) 2.8%
• D) 2.3%
• E) 2.4%

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Definitions:

Nutritional Value

The content of essential nutrients, such as vitamins, minerals, and proteins, in a food item, indicating its contribution to a diet.

Landless Whites

Refers to white individuals, particularly in a historical context, who did not own land, facing economic and social challenges due to their lack of property.

Ex-Slave

A person who was formerly enslaved, especially in the context of American history prior to the abolition of slavery in 1865.