Solve the Given Problem, Using the Formula $I = P R T :$

question 28

Multiple Choice

Solve the given problem, using the formula $I = P R T :$ Find the simple interest paid on a Ioan of $\$ 1,200$ at $8 \frac { 1 } { 4 } \%$ interest for 5 years.

• A)$49.50
• B)$4.95
• C)$495
• D)$4,950

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Definitions:

Ethical Behavior

Acting in ways consistent with societal standards of right and wrong.

Diversity

The inclusion of individuals representing more than one national origin, color, religion, socioeconomic stratum, sexual orientation, etc., in a community or organization.

Stakeholder Ethics

Principles and guidelines that govern the interactions and responsibilities of individuals or organizations towards those who have an interest or stake in a project, outcome, or business.

Johnson & Johnson

Johnson & Johnson is a multinational corporation founded in 1886 that develops medical devices, pharmaceutical, and consumer packaged goods.