Think about this situation: you've been saving ten dollars a month for something you really want, and you now have $30. It's now on sale for $100. You ask your grandparents to lend you $70 so you can buy it. You tell them that you'll pay $10 each month. They say that they'll lend you the money, but your repayment must include interest. You will need to repay them $77. Would you take the loan? Discuss at least two reasons for your decision.

I would take the loan.

Explanation:

I would take the loan because all around, $77 dollars is not that much money in itself. It would be fairly easy to pay your grandparents back eventually. Plus, if you have a strong desire and need for the item that costs $100, so much so that you would not mind paying technically $7 more to your grandparents in interest in total cost, it does not seem like so bad a decision. Overall, the interest rate would be 10%, which is quite low. In conclusion, I would definitely take the loan. :)

john smith was the first englishman to sail around the world. francis bacon served as attorney general and lord chancellor of england. he took up aristotelian ideas, arguing for an empirical, inductive approach, known as the scientific method, which is the foundation of modern scientific inquiry.

explanation:

7 - to develop an asian ally

11- the red scare

14   the power of military -industrial complex

17 - the economy grew quickly

24 - the separation of church and state was not important