What Is the Amount of Interest Owed on a Loan

question 70

Multiple Choice

What is the amount of interest owed on a loan of $40,000 after a year at an interest rate of 4 percent?

• A)$1,600
• B)$41,600
• C)$40,400
• D)$160

Classify numbers as rational or irrational.

Simplify expressions using rational exponents.

Evaluate expressions without using a calculator.

Determine the nature of square roots and cube roots of given numbers.

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Definitions:

Glomerulus

A cluster of capillaries within the kidney where blood filtration begins.

Renal Pyramids

Cone-shaped masses within the kidney that contain nephrons where urine formation takes place.

Hilum

The part of an organ where blood vessels, nerves, and other structures enter or leave.

Medulla

The medulla, often referred to as the medulla oblongata, is the lower portion of the brainstem, controlling vital functions such as heart rate, breathing, and blood pressure.