An Arithmetic Student Needs at Least a 70% Average to Receive

question 23

Multiple Choice

An arithmetic student needs at least a 70% average to receive credit for the course. If she scored 70%, 64%, and 72% on the first three exams, what score must she get on the fourth exam to receive credit for the course?

• A) x ≥ 72%
• B) x ≥ 74%
• C) x ≥ 76%
• D) x ≥ 79%

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Definitions:

Pledged

Assets or collateral that a borrower offers to a lender to secure a loan, which the lender may seize if the loan is not repaid.

Default Risk

The risk of loss to a lender from the borrower’s failure to pay the full amount due including interest and principal.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of accounts receivable, inventories, and meeting short-term liabilities.

Bank Loan

A sum of money lent by a bank to a borrower at an interest rate, which is to be repaid with interest according to the terms of the loan agreement.