Find the Simple Interest

question 197

Multiple Choice

Find the simple interest. (The rate is an annual rate unless otherwise noted. Assume 360 days in a year.)
-p = $4479, r = 0.05% per day, t = 6 months

• A) $470.30
• B) $403.11
• C) $0.45
• D) $335.93

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Definitions:

Deep Processing

A method of processing information that involves elaborate, meaningful analysis of information leading to better recall compared to shallow, superficial processing.

Iconic Memory

A type of visual sensory memory that holds a brief snapshot of a scene that has just been perceived, lasting only a quarter of a second.

Chunking

A memory strategy that involves dividing information into smaller, manageable units or chunks to improve retention and recall.

Semantic Memory

A category of persistent memory tasked with the ability to remember words, notions, or numerals, vital for both language interpretation and application.