Como Company Borrowed $4,550 from Its Bank

question 79

Multiple Choice

Como Company borrowed $4,550 from its bank.Como will repay $7,000 in five years.What is the approximate interest rate that Como will incur on this loan,assuming annual compounding?

• A)9%
• B)11%
• C)13%
• D)65%

---

Definitions:

Blood Transfusion

The process of transferring blood or blood components from one person (donor) into another person’s (recipient) bloodstream.

Unprotected Sex

Sexual activity without the use of contraceptives or protective measures, increasing the risk of sexually transmitted infections and unintended pregnancies.

Childbirth

The process of giving birth to a baby, including labor and delivery.

Sharing Drug Needles

The unsafe practice of multiple individuals using the same needle for injecting drugs, increasing the risk of transmitting infectious diseases.