If We Borrowed $10,000 on a Line of Credit September

question 38

Multiple Choice

If we borrowed $10,000 on a line of credit September 1, and the bank charges 12 percent per annum, compounded daily, the daily interest due on the line of credit is approximately

• A) $0.03
• B) $3.28.
• C) $4.00.
• D) $10.00.

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Definitions:

Systematic Desensitization

A behavior therapy used to reduce clients’ anxiety responses through counterconditioning.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without prior learning.

Therapeutic Outcomes

The results or consequences of medical or psychological interventions, indicating the effectiveness or success of the treatment.

Behavior Therapies

A range of therapies focusing on changing harmful behaviors through conditioning and other learning principles.