Ramos Company Has a 90-Day Note That Carries an Annual

question 85

Multiple Choice

Ramos Company has a 90-day note that carries an annual interest rate of 8%.If the amount of the total interest on the note is equal to $900, then what is the principal of the note?

• A)$11,250
• B)$45,000
• C)$64,800
• D)$28,800

---

Definitions:

Rage

An intense, sometimes uncontrollable feeling of anger that often carries negative implications for social behavior and decision-making.

Defense Mechanisms

Defense mechanisms are psychological strategies used unconsciously to protect oneself from anxiety or unacceptable thoughts and feelings.

Gender Bias

The unfair difference in treatment or attitudes towards individuals based on their gender, often resulting in unequal opportunities and outcomes.

Defense Mechanism

Psychological strategies employed unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.