Find the Amount of Simple Interest on a Loan of $2,500

question 135

Multiple Choice

Find the amount of simple interest on a loan of $2,500 at 4.44% interest for 12.75 months. (Round to the nearest cent)

• A) $113.31
• B) $2,617.94
• C) $117.94
• D) $121.87

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Definitions:

Polysaccharide

Carbohydrate containing a large number of monosaccharide molecules.

Extracellular Matrix

A complex network of proteins and carbohydrates surrounding cells, providing structural and biochemical support to tissues and organs.

Elastin

A protein in connective tissue that provides elasticity and resilience, allowing tissues like skin and lungs to resume shape after stretching or contracting.

Fibrous Protein

Proteins that have a structural function, characterized by elongated and insoluble molecular structures, such as collagen in connective tissues.