Bad Guys Plc Is Notoriously Known as a Slow-Payer

question 70

Multiple Choice

Bad Guys plc is notoriously known as a slow-payer.It currently needs to borrow £25,000 and only one company will even deal with Bad Guys.The terms of the loan call for daily payments of £30.76.The first payment is due today.The interest rate is 21% compounded daily.What is the time period of this loan?

• A)2.88 years
• B)2.94 years
• C)3.00 years
• D)3.13 years
• E)3.25 years

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Sequences of instructions written to perform a specified task with a computer.

Methanol

A simple alcohol used as a solvent, antifreeze, fuel, and as feedstock for chemical manufacturing.

Ethanol

A renewable, flammable liquid alcohol used as a biofuel additive for gasoline and as a solvent in the chemical industry.