Find the Amount of Simple Interest on a Loan of $3,500

question 67

Multiple Choice

Find the amount of simple interest on a loan of $3,500 at $9 \frac { 1 } { 2 } \%$ interest for 14 years.

• A) $332.50
• B) $387.92
• C) $1,155.00
• D) $4,655.00

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Definitions:

Religious Restrictions

Regulations or limitations imposed on the practice or expression of religious beliefs.

Germans

Individuals from Germany or of German descent, constituting one of the largest ethnic groups in the United States, particularly known for their influence on American culture and communities.

Reformation

A major movement in the 16th century aimed at reforming certain practices and doctrines of the Catholic Church, leading to the establishment of Protestant churches.

Persecution

The act of harassing, oppressing, or mistreating individuals or groups, especially because of their religious beliefs, political opinions, or other characteristics.