Carlos Borrowed $100 for a Year at 5% Interest

question 100

Multiple Choice

Carlos borrowed $100 for a year at 5% interest. At the end of the year, he repaid the loan with a payment of $105. The inflation rate that year was 4%. The real rate of interest on his loan was:

• A) 9%.
• B) 5%.
• C) 4%.
• D) 1%.

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Definitions:

Postmortem Care

The care given to a body immediately after death, which may include cleaning, dressing, and positioning the body for identification or viewing.

Supervising Nurse

A registered nurse who oversees the activities and duties of other nursing staff within a healthcare setting.

Mouth Care

The routine cleaning and maintenance of the mouth, teeth, gums, and tongue for health and hygiene.

Skin Moisturized

The condition of the skin being hydrated, often achieved through the application of lotions or creams that prevent dryness.