Suppose That You Borrow $10,000 for One Year, and at the End

question 135

Multiple Choice

Suppose that you borrow $10,000 for one year, and at the end of the year, you must repay $10,450. The interest rate is

• A) 14.5 percent.
• B) 8.0 percent.
• C) 4.5 percent.
• D) 2.7 percent.

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Definitions:

Higher-fat Diet

A diet that contains a higher proportion of fat in comparison to carbohydrates and proteins, sometimes utilized for specific health conditions or dietary preferences.

Higher-sugar Diet

A dietary pattern characterized by the consumption of foods and beverages with high levels of added sugars.

Developing Diabetes

The process through which an individual becomes susceptible to or acquires diabetes, a chronic condition that affects how the body processes blood sugar.

Set Point

A theory suggesting that the body regulates its weight and energy levels around a genetically predetermined baseline.