Ada Signed a Simple Discount Promissory Note for $5,500

question 139

Multiple Choice

Ada signed a simple discount promissory note for $5,500. The discount rate is 12%, and the term of the note is 5 months. What are Ada's proceeds on the loan?

• A) $4,623
• B) $5,225
• C) $5,015
• D) $4,515

---

Definitions:

Exosystem

is a term from ecological systems theory describing a social setting that indirectly affects an individual even though they do not actively participate in it.

Bronfenbrenner

Refers to Urie Bronfenbrenner, a developmental psychologist best known for his Ecological Systems Theory, which posits that human development is influenced by different types of environmental systems.

Microsystem

The immediate environment in which an individual directly interacts, such as family, school, or workplace, within the context of ecological systems theory.

Dizygotic Twins

Also known as fraternal twins, these are siblings born at the same time who develop from two separate eggs fertilized by two different sperm.