Solve the Problem $\$ 100$ Per Month Payment For $2 \frac { 1 } { 2 }$

question 187

Multiple Choice

Solve the problem.
-Bill makes a $\$ 100$ per month payment for $2 \frac { 1 } { 2 }$ years to pay off a $\$ 2500$ loan. What was the add-on interest rate?

• A) \(10 \%\)
• B) \(8 \%\)
• C) \(12 \%\)
• D) None of the above is correct.

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Definitions:

Accent Response

The reaction or adjustment an individual makes to their speech pattern when exposed to a different accent or dialect, often unconsciously.

Closed-ended Response

a type of answer that limits the response options, often to "yes" or "no" or other specific choices.

Embedded Response

A type of answer or reaction that is included or hidden within a larger message or context.

Reflection Response

A communication technique used in counseling and interpersonal communication where the listener repeats or paraphrases what the speaker has said to show understanding and empathy.