Mr Jones Borrows $4,500 for 90 Days and Pays $75

question 39

Multiple Choice

Mr. Jones borrows $4,500 for 90 days and pays $75 interest. What is his effective rate of interest?

• A) 9.3%
• B) 6.7%
• C) 11.7%
• D) None of these

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Definitions:

Labionasal

Pertaining to both the lips and the nose; often used in speech pathology.

-malacia

A suffix used in medical terminology to denote softening of the tissues, often used to describe pathological conditions.

-mnesia

A suffix indicating a condition related to memory, such as in "amnesia," meaning the loss of memory.

-plasia

A suffix indicating the formation, development, or growth of tissues or cells in biology and medicine.