Which of the Following Is a True Statement Regarding Interest

question 1

Multiple Choice

Which of the following is a true statement regarding interest calculation methods?

• A)Interest is calculated on either a straight-basis or a delayed-basis.
• B)Interest is calculated on either a straight-basis or an undiscounted-basis.
• C)If a borrower receives a loan on a discount-basis, the APR will be less than the simple interest.
• D)If a borrower receives a loan on a discount-basis, the APR will be more than the simple interest rate.

---

Definitions:

Climate Change

The long-term alteration of temperature and typical weather patterns in a place, often attributed largely to human activities such as burning of fossil fuels.

Greenhouse Gases

Gases in the Earth's atmosphere that trap heat, contributing to global warming and climate change.

Global Warming

The ongoing rise in average global temperatures, mainly attributed to human activities such as burning fossil fuels, leading to climate change and associated environmental impacts.

Ramifications

Consequences or outcomes that result from an action or decision.