If You Sign a Discount Note for $2,500 at a Bank

question 38

Multiple Choice

If you sign a discount note for $2,500 at a bank discount rate of 7%, for 3 months, what is the effective interest rate? (Round to the nearest tenth percent)

• A) 7.0%
• B) 7.1%
• C) 7.3%
• D) 7.5%

Understand the concept of planned change and strategies to manage resistance.

Appreciate the importance and techniques for continuous personal and professional development.

Recognize the significance of maintaining a sustainable career advantage.

Understand the components and purpose of a career portfolio.

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Definitions:

Voluntary Movements

Actions performed consciously and intentionally, involving the coordination of skeletal muscles.

Body

The entire physical structure of an organism, including the head, torso, limbs, and all other parts.

Thyroid Gland

An endocrine gland located in the neck, producing hormones that regulate metabolic rate and protein synthesis.

Endocrine System

A network of glands in the body that produce hormones, which regulate metabolism, growth and development, tissue function, and mood.