TropiKana Inc

question 85

Multiple Choice

TropiKana Inc., a U.S firm, has just borrowed $1,000,000 to make improvements to an Italian fruit plantation and processing plant. If the interest rate is 6.00% per year, how much interest will they pay in the first year?

• A) $6,000
• B) $60,000
• C) $600,000
• D) €60,000

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Definitions:

Cataracts

A clouding of the lens in the eye which leads to a decrease in vision.

Presbyopia

An age-related condition in which the eye's lens loses its ability to focus, making it difficult to see objects up close.

Iritis

Inflammation of the iris, the colored part of the eye, which can cause pain, light sensitivity, and vision problems.

Color Blindness

A deficiency in the way someone sees color, making it difficult to distinguish between certain colors or shades.