Raul Borrowed $1,000 from Marta for a Year and Agreed

question 112

Multiple Choice

Raul borrowed $1,000 from Marta for a year and agreed to repay her $1,050 at the end of the year.If the inflation rate was 3 percent,what is the real rate of interest Marta received?

• A)10 percent
• B)5 percent
• C)3 percent
• D)2 percent
• E)-2 percent

---

Definitions:

Sexual Orientation

Sexual orientation is a term used to describe a person's emotional, romantic, or sexual attraction to individuals of the same and/or different gender.

Proposition 13

A landmark 1978 California ballot measure that resulted in major reductions in the state's property tax rates, significantly impacting public funding for various services.

Midterm Elections

Elections held midway through the term of the sitting President of the United States, typically including congressional and local offices.

Personal Responsibility and Work Opportunity Act

A United States federal law enacted in 1996 that aimed to reduce dependency on government benefits, curb welfare spending, and encourage employment and marriage among welfare recipients.