What Simple Interest Rate,r,is Equivalent to J₁₂ = 9% Over

question 84

Multiple Choice

What simple interest rate,r,is equivalent to j₁₂ = 9% over a 2-year period?

• A)9.82%
• B)9.41%
• C)9.38%
• D)8.30%

---

Definitions:

Diabetes

A metabolic disease characterized by high blood sugar levels over a prolonged period, resulting from defects in insulin production, insulin action, or both.

Daily Injections

The routine of administering drugs or other substances into the body via a needle and syringe on a daily basis.

Juvenile Hypothyroidism

A condition in which the thyroid gland of children produces insufficient thyroid hormone, affecting growth and development.

Moisturizer

A product designed to hydrate and soften the skin by increasing its water content.