The Interest on a $32,000 Note at 9% for Three

question 29

Multiple Choice

The interest on a $32,000 note at 9% for three months is:

• A)$1,440.
• B)$720.
• C)$2,880.
• D)$710.

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Definitions:

Electroconvulsive Shock

A medical treatment for severe mental illness where seizures are electrically induced in patients to provide relief from symptoms.

Medication

Substances used to treat and cure symptoms of diseases and conditions or to enhance physical or mental well-being.

Benzodiazepine

A class of psychoactive drugs used to treat conditions such as anxiety, insomnia, and seizures by increasing the effect of the neurotransmitter GABA.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often reflecting a concern over future events.