Which of the Following Is a True Statement Regarding Interest

question 1

Multiple Choice

Which of the following is a true statement regarding interest calculation methods?

• A)Interest is calculated on either a straight-basis or a delayed-basis.
• B)Interest is calculated on either a straight-basis or an undiscounted-basis.
• C)If a borrower receives a loan on a discount-basis, the APR will be less than the simple interest.
• D)If a borrower receives a loan on a discount-basis, the APR will be more than the simple interest rate.

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Definitions:

Learning Strategies

Techniques, methods, or plans of action designed to facilitate the acquisition, understanding, and retention of knowledge or skills.

Individualized Educational Program

An Individualized Educational Program (IEP) is a customized plan designed to meet the unique educational needs of a child with a disability, as defined under U.S. law.

Acronym

A shortened form of a phrase or group of words, where the letters typically stand for the initial components of the words in the phrase.

IEP

stands for Individualized Education Plan, a document tailored to meet the needs of students with disabilities, outlining special education services and supports.