Find the Amount of the Principal on a Loan at 6

question 144

Multiple Choice

Find the amount of the principal on a loan at 6% interest for 274 days if the interest was $68.50, using the ordinary interest method. (Round to the nearest whole dollar amount)

• A) $1,500
• B) $1,521
• C) $313
• D) $6,850

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Definitions:

NLRA

The National Labor Relations Act, a foundational statute in United States labor law that protects the rights of employees to organize and bargain collectively.

Deregulating NLRA

The process of reducing or removing government regulations within the National Labor Relations Act, aimed at fostering more flexibility in employer-employee relations.

Collective Representation

A process by which a group acts together to promote its members' interests, often in negotiations with employers.

Management Efforts

The actions or initiatives undertaken by management to achieve organizational objectives, improve performance, or solve problems.