If $22,050 Is the Amount Payable in Two Years for a $20,000

question 91

Multiple Choice

If $22,050 is the amount payable in two years for a $20,000 simple loan made today,the interest rate is

• A)5 percent.
• B)10 percent.
• C)22 percent.
• D)25 percent.

---

Definitions:

Nasal Conchae

Scroll-like, bony structures located within the nasal cavity that help to increase the surface area for air filtration, humidification, and temperature control.

Ethmoid

A spongy, cuboid-shaped bone at the base of the skull, critical in the formation of the nasal cavity, orbits, and the floor of the anterior cranial fossa.

Sphenoid

A complex bone at the base of the skull that helps form the eye socket, nose, and base of the brain casing.

Maxilla

One of a pair of bones forming the upper jaw, holding the upper teeth, and contributing to the formation of the orbit, nasal cavity, and palate.