Pace CoBorrowed $20,000 at a Rate of 7

question 30

Multiple Choice

Pace Co.borrowed $20,000 at a rate of 7.25%,simple interest,with interest paid at the end of each month.The bank uses a 360-day year.How much interest would Pace have to pay in a 30-day month?

• A)$120.83
• B)$126.88
• C)$133.22
• D)$139.88
• E)$146.87

---

Definitions:

Biological Perspectives

Approaches in psychology and sociology that explain behavior and societal structures through biological processes and inherent genetic traits.

Psychopathic Behaviour

Actions or behaviors associated with psychopathy, a personality disorder characterized by persistent antisocial behavior, impaired empathy, and bold, disinhibited, egotistical traits.

Low-Income Neighbourhoods

Parts of a town or city where residents generally have low annual household income, which often affects their living conditions and access to resources.

Differential Association Theory

A criminological theory suggesting that individuals learn deviant behavior through their interactions with others.