The Simple Interest Rate Is 5 Percent Per Year

question 12

Multiple Choice

The simple interest rate is 5 percent per year.What is the dollar return after nine months?

• A) $1.0312
• B) $1.0375
• C) $1.0381
• D) $1.0450
• E) None of these answers are correct.

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Definitions:

Overwhelming Others

Exerting intense pressure or influence on others that can lead to stress or discomfort.

Categorizing

The process of arranging or classifying items or concepts into categories based on shared characteristics or criteria.

Social Justice

The principle of fair and just relations between the individual and society, often involving the distribution of wealth, opportunities, and privileges.

Addressing Issues

The process of identifying and taking steps to deal with or resolve problems or concerns.