Find the Simple Interest

question 104

Multiple Choice

Find the simple interest. (The rate is an annual rate unless otherwise noted. Assume 360 days in a year.)
-p = $4984, r = 1.25% per month, t = 30 months

• A) $155.75
• B) $1869.00
• C) $1806.70
• D) $1931.30

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Definitions:

Age-Specific Mortality Rate

The death rate within a specific age group in a population during a certain time period.

Disease X

A placeholder name given by the World Health Organization to represent a hypothetical, unknown pathogen that could cause a future epidemic.

Younger Than 65

A demographic criterion often used in research and healthcare to define a population segment that does not fall into the senior age group, typically below the age of 65.

Crude Death Rate

A measurement of the number of deaths per 1,000 individuals per year in a given population, reflecting overall mortality.