The Interest Charged on a $300,000 Note Payable, at the Rate

question 167

Multiple Choice

The interest charged on a $300,000 note payable, at the rate of 6%, on a 90-day note would be

• A)$18,000.
• B)$9,000.
• C)$4,500.
• D)$1,500.

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Definitions:

Implicit Motivation

Subconscious desires and aspirations that influence behavior without one being consciously aware of them.

Explicit Motivation

The conscious and deliberate drive to achieve goals or meet needs.

Habituation

The diminishing of a physiological or emotional response to a frequently repeated stimulus, leading to decreased attention or reaction over time.

Shaping

A method of training by which successive approximations towards a desired behavior are reinforced.