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    Engineering Economics
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    Exam 1: Engineering Decision Making
  5. Question
    Joan Borrowed $1 000 One Year Ago
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Joan Borrowed $1 000 One Year Ago

Question 27

Question 27

Multiple Choice

Joan borrowed $1 000 one year ago. Now she has to repay $1 100. Therefore, the interest rate she pays is


A) $1 000.
B) $1 100.
C) $100.
D) 110%.
E) 10%.

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