Kenneth's Arrows and Bows Borrow $15,000 for One Year at 8

question 7

Multiple Choice

Kenneth's Arrows and Bows borrow $15,000 for one year at 8 percent interest. What is the effective rate of interest if the loan is discounted?

• A) Less than 8.5 percent
• B) More than 8.5 percent, but less than 9.5 percent
• C) More than 9.5 percent, but less than 10.5 percent
• D) More than 10.5 percent

---

Definitions:

Convicted Rapists

Individuals who have been found guilty by a court of law for committing the crime of rape.

Largely Ignored

Refers to something that receives little to no attention or consideration, often despite its importance or significance.

Aggravated Rape

A form of rape that involves one or more aggravating factors, such as physical injury to the victim, the use of a weapon, or the occurrence of the crime within a particularly heinous context.

Real Rape

A term critiquing societal perceptions, highlighting that only violent, stranger-perpetrated assaults are seen as true instances of rape, neglecting other forms of sexual violence.