If You Are Paid $10,500 in One Year on a $10,000

question 17

Multiple Choice

If you are paid $10,500 in one year on a $10,000 loan made today, then your interest rate is:

• A) 0%.
• B) 5%.
• C) $500.
• D) $10,000.

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Definitions:

Hormone

Chemical messengers produced by the endocrine glands that regulate various body functions and processes.

Gland

An organ in the body that secretes particular chemical substances for use in the body or for discharge into the surroundings.

Neurotransmitter

Chemicals in the nervous system that transmit signals across a synapse from one neuron to another, influencing mental processes and behavior.

Hypothalamus

A small region of the brain responsible for regulating physiological processes such as temperature regulation, hunger, thirst, and sleep cycles.