In each problem, (1) compute the actual exact interest (365-day year) and (2) estimate the interest by rounding the principal to the nearest hundred dollars. For each estimate, assume that a year has 360 days and use the given suggestion to create a shortcut. Round answers to the nearest cent.
Definitions:
Consciousness Raising
A process of increasing awareness about personal biases, social injustices, or other critical issues, often used in therapeutic and educational settings.
Social Liberation
The process of increasing alternatives for socially marginalized groups, often seen as a way to foster empowerment and reduce societal constraints.
Multicultural Therapists
Therapists who are knowledgeable and skilled in addressing the diverse cultural backgrounds, values, and needs of their clients.
Change Agents
Individuals or factors that act as catalysts for change within a system or organization.
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