In the Village, If the Harvest This Year Is 4,000

question 15

Multiple Choice

In the village, if the harvest this year is 4,000 bushels of grain and the harvest next year will be 700 bushels and if rats eat 30% of any grain that is stored for a year, how many bushels of grain could the villagers consume next year if they consume 1,000 bushels of grain this year?

• A)2,800
• B)2,100
• C)4,700
• D)4,200
• E)800

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Definitions:

Due Date

The specific date by which a task must be completed or a payment must be made to avoid penalties.

Computing Interest

The process of calculating the interest payment on a loan or investment based on the principal amount, rate, and time.

Maturity Date

The specified date on which the final payment of a loan, bond, or other financial instrument is due to be paid.

Issue Date

The date on which a financial instrument or document, such as a bond or a check, is issued and becomes effective.