rm Test $($May $5,19$:$00$

LE$/$EECS$1520$ M$,$ N$,$ O$,$ P & Q $-$ Computer Use: Fundamentals $($Winter $2023-2024$

Midterm Test $($May $5,19$:$00-23$:$00$

Time left $0$:$15$:$37$

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The amount of money a borrower pays back to a lender is the sum of the principal $($the amount borrowed$)$ & interest calculated over time. Interest is expressed as a percentage $(\%).$ The amount of interest depends on whether it is simple interest or compound interest. For example the amount of money to be paid on a loan of $$5,000$ after $3$ years at $3\%$ per year will be $$5,450\mathrm{.}00$ at $3\%$ per year simple interest, or $$5,463\mathrm{.}64($interest of $$150$ for year #$1+$ $$154\mathrm{.}50$ for year #$2+$ $$159\mathrm{.}14$ for year #$3)$ compound interest.

Which of the following characters can be used to replace "The" in such an encoding?

Select one:

$8$

$

none of the suggested characters can be used

#

$\%$

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