Solve the Problem $3 \frac { 2 } { 3 } \%$

question 103

Multiple Choice

Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent.
-Robert Hall bought a new computer system. To pay for the system, he borrowed $5110 from the Credit union at $3 \frac { 2 } { 3 } \%$ Simple interest for 120 days. Find the interest owed. (Use a 365 day year.)

• A) $61.60
• B) $50.40
• C) $46.84
• D) $187.37

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Definitions:

Learned Helplessness

A condition in which individuals believe they have no control over their situation and therefore stop trying to change or escape from their circumstances, often leading to decreased motivation and depression.

Learned Optimism

The practice of recognizing and challenging negative thoughts in order to develop a more positive outlook on life and increase resilience.

Explanatory Style

A psychological attribute that indicates how people explain to themselves why they experience particular events, either positive or negative.

Valid Concern

Any issue or problem that is grounded in reality and deemed legitimate or reasonable to worry about or consider.