If Mega Corp

question 93

Multiple Choice

If Mega Corp. borrows $9,000 and agrees to pay the lender $10,500 in one year, the annual interest rate on this loan is approximately _____%.

• A) 8.6
• B) 14.3
• C) 16.7
• D) 15

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Definitions:

Sharing

The act of giving a portion of what one has to another person or group, often as a social, cooperative behavior.

Moral Development

The process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, rules, and laws.

Generosity

The quality of being willing to give money, help, time, etc., to others, often beyond what is expected or required.