You Are Given That $2000 Accumulates to $2032

question 95

Multiple Choice

You are given that $2000 accumulates to $2032.88 at the end of 120 days at a simple interest rate equal to r.What is the equivalent simple discount rate,d,over the same 120-days period?

• A)5.00%
• B)4.92%
• C)4.53%
• D)1.62%

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Definitions:

Spinout

A situation where a vehicle loses traction, causing it to rotate uncontrollably.

Power Divider

A mechanical device in vehicles, particularly in heavy-duty trucks, that splits the driving force between the front and rear axles to improve traction.

Interaxle Differential

A mechanism that allows for differential speeds between the front and rear axles of a multi-axle vehicle, improving maneuverability and traction.

Controlled Traction

Differential gearing that uses a friction plate assembly to transfer drive torque from a slipping wheel (sensed by axle shaft spinout) to its opposite.