The Simple Interest on a $7,600 Loan at 7% Per

question 54

Multiple Choice

The simple interest on a $7,600 loan at 7% per year amounted to $4,788. When did the loan mature ?

• A)6 months
• B) 9 years
• C) 21 years
• D) 16 years
• E) 7 years

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Definitions:

Humanistic School

A psychological perspective that emphasizes individual potential for growth and the role of unique perceptions in guiding behavior and mental processes.

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Professionals specialized in diagnosing and treating mental, emotional, and behavioral disorders through psychological techniques and assessments.

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