Find the Interest Paid on a Loan of $2000 for 1

question 9

Multiple Choice

Find the interest paid on a loan of $2000 for 1 year at a simple interest rate of 7% per year.

• A) $14.00
• B) $2140.00
• C) $160.00
• D) $140.00

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Definitions:

Mediation

A conflict resolution process facilitated by a neutral third-party, aimed at assisting disputing parties in reaching a mutually agreeable solution.

Selling Behavior

Activities and strategies employed by sales professionals to promote and sell their product or service, focusing on customer engagement, persuasion, and transaction completion.

Low-Task Behaviors

Actions by individuals in a group or team setting that contribute minimally to the group's task-related goals.

High-Maintenance Behaviors

Behaviors exhibited by individuals who require excessive attention, support, or communication.