If John Borrowed $30 000 from His Mother at a Rate

question 9

Multiple Choice

If John borrowed $30 000 from his mother at a rate of 5% per annum compounded quarterly for 5 years,what is the dollar value of the interest on the loan?

• A)$8 461.12
• B)$38 461.12
• C)$7 500
• D)$8 288.45

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Definitions:

Forensic Chemistry

A field of chemistry dedicated to the application of chemical principles and techniques to the justice system.

Molecular Polarity

A characteristic of molecules where an uneven distribution of electrons creates regions of positive and negative charges, influencing how molecules interact.

Solvent Interaction

The process by which a solvent can dissolve solute particles, involving physical and chemical interactions.

Electronegativity

A measure of an atom's ability to attract electrons towards itself in a chemical bond.