Solve the Problem

question 101

Multiple Choice

Solve the problem. Assume that simple interest is being calculated in each case. Round the answer to the nearest cent
unless otherwise indicated.
-Andy Jones opened a security service company. To pay for startup costs, Andy Jones borrowed $40,000 from a bank at 5% for 1 year. Find the interest.

• A)$2000.00
• B)$42,000.00
• C)$2400.00
• D)$200.00

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Definitions:

Standardized Activities

Tasks or procedures that are uniform and consistent across different times or places, ensuring predictability and efficiency.

Cultural Analysis

The examination and interpretation of the behaviors, values, and artifacts of a society to understand its culture.

Shared Values

Core beliefs or principles that are collectively held and guide the behavior and decision-making within an organization or society.

Motivational Mechanism

The process or system by which motivation is generated or regulated within individuals or groups.