Find the Simple Interest on a Loan of $10,500 for 4.5

question 18

Short Answer

Find the simple interest on a loan of $10,500 for 4.5 years at a rate of 5% per year.

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Definitions:

Stream Of Consciousness

A narrative mode that attempts to capture the flow of thoughts and feelings running through the mind.

Functionalists

A perspective in sociology and psychology that emphasizes the importance of understanding the purpose or function of behavior and social institutions.

Organism

A living entity capable of growth, reproduction, and response to stimuli.

Structuralists

Psychologists who analyze the basic elements of thoughts and sensations to understand the structure of the mind.