When a Bar Magnet Is Broken in Half, the Magnetic

question 100

Multiple Choice

When a bar magnet is broken in half, the magnetic strength of each piece is

• A)less than half.
• B)about half.
• C)the same.
• D)somewhat increased.

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Definitions:

Interest Rates

The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal.

Nominal Rate

The interest rate set by the lending institution, not adjusted for inflation, representing the actual yearly cost of funds over the term of a loan.

Compounding Period

The period of time after which interest is credited to the depositor’s account for purposes of computing subsequent interest.

Interest Rate

The percentage charged on a loan or paid on savings over a specific period, usually expressed as an annual percentage of the principal.