Mr Jones Borrows $3,000 for 90 Days and Pays $35

question 64

Multiple Choice

Mr. Jones borrows $3,000 for 90 days and pays $35 interest. What is his annual rate of interest?

• A) 1.2%
• B) 4.7%
• C) 11.7%
• D) none of the other answers are correct

Comprehend the concept of business intelligence and its significance in marketing decision-making.

Gain knowledge on the application of marketing strategies for product adaptation and standardization.

Discover the importance of creating a marketing mix and marketing plans for targeting specific customer groups.

Understand the significance of distribution strategies in marketing.

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Definitions:

Gingivitis

An inflammation of the gums, typically caused by a bacterial infection, which can lead to redness, swelling, and bleeding.

Deciduous Teeth

Also known as baby or milk teeth, these are the first set of teeth in human development, which are eventually replaced by permanent teeth.

Hepatic Portal Vein

A blood vein that carries nutrients from the gastrointestinal tract and spleen to the liver for processing.

Capillaries

The smallest blood vessels in the body's circulatory system, where the exchange of water, oxygen, carbon dioxide, and many other nutrients and waste substances between blood and tissues occurs.