Solve the Problem

question 4

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.
-Martin takes out a simple interest loan at 4 %. After 10 months the amount of interest on the loan is $80.93. What was the amount of the loan? Round to the nearest dollar.

• A)$2428
• B)$2768
• C)$24
• D)$2389

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Definitions:

Consensus

General agreement among members of a group or community, often used in decision-making processes to ensure collective support.

Intragroup Conflict

Disputes or disagreements that occur within a group, affecting its cohesion and potentially its performance.

Distributive Tactics

Strategies used in negotiation that focus on dividing or allocating resources between parties, often seen as a win-lose scenario.

Attitudinal Structuring

The process of influencing or changing the attitudes and perceptions of others within an organization to achieve desired outcomes.