Simple Interest Means That

question 49

Multiple Choice

Simple interest means that:

• A)the interest is paid only once.
• B)the interest is calculated with respect to the original amount lent.
• C)the interest is paid at the beginning of the loan.
• D)the interest is calculated with respect to the original amount lent plus the interest already paid.

---

Definitions:

Personal Moral Philosophy

An individual's set of beliefs, values, and principles that guide their understanding of right and wrong and influence ethical decision-making.

Ethical Behavior

Actions or practices conducted in accordance with recognized moral principles or standards, crucial in maintaining trust and integrity in business.

Whistle-blower

An individual who exposes illegal, unethical, or improper conduct within an organization, often risking their own career or well-being.

Consumer Product Safety Commission

A U.S. federal agency responsible for the regulation of the sale and manufacture of consumer products to ensure their safety.