Solve the Problem

question 99

Multiple Choice

Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent.
-Andy Jones opened a security service company. To pay for startup costs, Andy Jones borrowed $49,000 from a bank at 5% for 1 year. Find the interest.

• A) $245.00
• B) $2940.00
• C) $51,450.00
• D) $2450.00

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Definitions:

Burn Dressing

A protective covering applied to a burn to promote healing and prevent infection.

Analgesics

Drugs designed to relieve pain without causing a loss of consciousness; they include both non-opioid and opioid medications.

Topical Medication

Topical medication is a type of medicine applied directly to a specific area of the skin to treat local conditions or symptoms.

Dressing Change

The act of removing old wound dressings and applying new sterile dressings to a wound.