Consider Five High School Students Working on Homework in Study

question 373

Multiple Choice

Consider five high school students working on homework in study hall. $$\begin{array} { | l | l | l } \hline \text { Rosie } & \text { hes meth homewak } & \text { wants scieneehomenark } \\\hline \text { Bob } & \text { hes English homewark } & \text { wants historyhomewark } \\\hline \text { piper } & \text { hes meth homewo } & \text { wants scieneehomewark } \\\hline \text { Dewey } & \text { hes scieneehomewak } & \text { wants English homewark } \\\hline \text { Molly } & \text { hes scieneehmewak } & \text { wants meth homewark } \\\hline\end{array}$$ Which of the following pairs of students has a double coincidence of wants?

• A)Rosie and Piper
• B)Piper and Molly
• C)Dewey and Molly
• D)Bob and Dewey

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Definitions:

Effective Rate

The interest rate on a loan or investment, adjusted for the effect of compounding.

Interest Rate

The rate at which a borrower is charged interest for the money borrowed from a lender.

Cash Rebate

A partial refund to someone who has paid too much money for tax, rent, or a utility, or as a promotional incentive from the purchase of goods or services.

Effective Rate

The actual interest rate earned or paid on an investment, loan, or savings account, taking into account the effect of compounding.