You Lend a Friend $10,000 for a Year at an Annual

question 193

Multiple Choice

You lend a friend $10,000 for a year at an annual interest rate of 15%. At the end of the year your friend must pay you ________ in interest.

• A) $133
• B) $750
• C) $1,500
• D) $3,000

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Definitions:

Big Five Factor

A model outlining five broad dimensions of human personality traits: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

Agreeableness

A personality trait characterized by kindness, empathy, and a desire to get along with others.

Good-Natured

Possessing a friendly and pleasant disposition.

Individualistic Culture

A society that values independence and self-reliance, emphasizing personal freedom and achievement rather than collective goals.