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.

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Definitions:

Depth Perception

The visual ability to perceive the world in three dimensions (3D) and the distance of an object.

Disparity

The condition or fact of being unequal or different; in social sciences, it often refers to inequality in opportunities and treatment among groups of people.

Retinas

The thin layer of tissue at the back of the eye where light is converted into neural signals sent to the brain.

Gestalt Principle

Psychological concepts that describe how humans tend to organize visual elements into groups or unified wholes when perceiving objects.