Estimate the Answer by Picking the Best Choice Without Calculating

question 29

Multiple Choice

Estimate the answer by picking the best choice without calculating. If your credit card balance is $932, you make a $50 payment, the APR is 12%, and the interest is calculated according to the adjusted balance method, then the finance charge is

• A) $9.32
• B) $8.82
• C) $8.85 __________ (Enter A, B, or C )

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Definitions:

Metaphysical Stage

A phase in Auguste Comte’s Law of Three Stages where human thought is dominated by abstract and speculative reasoning, seeking the essence of phenomena rather than their physical or empirical properties.

Positive Stage

A term in sociology introduced by Auguste Comte referring to the final stage of societal evolution where explanations of phenomena are based on scientific observations, experiments, and logic.

Political Revolution

A fundamental and rapid change in political power or organizational structures that occurs when the population revolts against the current authority, often leading to social transformation.

Sociological Imagination

A concept introduced by C. Wright Mills, referring to the ability to see the relationship between individual experiences and the larger society.