Large-Scale Preschool Programs Have Been Developed Nationwide Because Estimates Indicate

question 107

Multiple Choice

Large-scale preschool programs have been developed nationwide because estimates indicate that _______ percent of children in poor urban areas enter school poorly prepared to learn.

• A)33
• B)50
• C)66
• D)90

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Definitions:

Compound Interest

Interest calculation on a loan or deposit where the interest earned also earns interest, leading to exponential growth over time.

Nearest Cent

Rounding a monetary amount to the closest cent, often used to simplify cash transactions.

Simple Interest

An interest calculation method where the interest charge is calculated only on the principal amount, without compounding.

Nearest Cent

Rounding a monetary amount to the closest one-hundredth of the currency unit, such as a dollar.