Using the Merchant's Rule,a Debt of $4000 Is Paid Off

question 33

Multiple Choice

Using the Merchant's rule,a debt of $4000 is paid off as follows: $2000 in 50 days and a final payment of $2026.51 in 80 days from today.What simple interest rate,r,was used?

• A)r < 3.0%
• B)3.0% < r < 3.5%
• C)3.5% < r < 4.0%
• D)r > 4.0%

Distinguish between civil and criminal law, including processes and outcomes.

Understand the role and impact of the Charter of Rights and Freedoms on Canadian law.

Recognize the importance of negotiation in dispute resolution and the elements contributing to its success.

Understand the procedural steps and requirements involved in civil lawsuits.

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Definitions:

Polar Covalent

A type of chemical bond where electrons are unevenly distributed, resulting in a partial positive and negative charge on different atoms.

Nonpolar Covalent

A type of chemical bond where two atoms share a pair of electrons equally, resulting in no charge separation.

Lewis Structure

A graphical representation of the valence shell electrons in molecules or ions, showing how electrons are shared between atoms to form bonds.

Condensed Formula

A representation of a chemical substance that shows the elements present and their proportions but without the structural details.