Suppose You Borrow $300 for One Year and Pay a Finance

question 87

Multiple Choice

Suppose you borrow $300 for one year and pay a finance charge of $20. If you repay this loan all at once after one year, what is your average balance?

• A) $20
• B) $150
• C) $160
• D) $300
• E) $320

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Definitions:

Lipid Membrane

A bi-layer structure forming the outer boundary of cells, composed mainly of lipids and proteins.

Aerobic Bacteria

Bacteria that require oxygen for their growth and survival, playing crucial roles in various biological processes including the decomposition of organic material.

Mitochondria

Organelles within cells that are responsible for producing energy through the process of oxidative phosphorylation, often called the powerhouse of the cell.

RNA World

Hypothetical early interval when RNA served as genetic material.