Use the Formula $I = P r t$ To Reach a Solution for the Following Problem

question 18

Multiple Choice

Use the formula $I = P r t$ to reach a solution for the following problem.
One month a credit card company charged $9.27 in interest on a balance of $3,708 . What annual interest rate is the credit card company charging?

• A) 5%
• B) 3.5%
• C) 2%
• D) 3%
• E) none of these

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Definitions:

Dendrite

A branched extension of a neuron that receives impulses from other neural cells and transmits them towards the cell body.

Primitive Learning

A basic form of learning that occurs early in life, often driven by instinct and the need to adapt to the environment, without the need for conscious thought.

Reflexes

Involuntary movements or actions automatically produced by the body in response to specific stimuli, serving as protective mechanisms.

Survival Value

The extent to which a trait or behavior enhances the chances of survival and reproduction of an organism.