Simple Interest on a $20, 000, 8%, 15-Month Note Payable

question 11

Multiple Choice

Simple interest on a $20, 000, 8%, 15-month note payable would total

• A)$22, 000
• B)$21, 600
• C)$ 2, 000
• D)$ 1, 600

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Definitions:

Radial Cleavage

The pattern of blastomere production in which the cells are located directly above or below one another; characteristic of early deuterostome embryos. Compare with spiral cleavage.

Abdominal Cavity

A body cavity in vertebrates that houses many organs, enclosed by the abdominal muscles and containing the stomach, intestines, liver, and other organs.

Coelom

A fluid-filled body cavity between the intestinal canal and the body wall in most bilateral animals, housing organs.

Pseudocoelom

A body cavity between the mesoderm and endoderm; derived from the blastocoel. Compare with coelom.