Calculate the Amount of Interest If $3000

question 124

Multiple Choice

Calculate the amount of interest if $3000.00 is invested at 6.25% from November 30, 2014 to May 15, 2015.

• A) $843.75
• B) $86.82
• C) $85.27
• D) $70.31
• E) $70.75

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Definitions:

Projective Testing

A type of personality assessment in which respondents reveal their thoughts, feelings, and desires through their interpretations of ambiguous stimuli.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing their behaviors, thoughts, and emotions.

Defense Mechanism

Psychological strategies brought into play by individuals to protect against feelings of anxiety or social condemnation.

Collective Unconscious

Carl Jung’s concept of a shared, inherited reservoir of memory traces from our species’ history.