Sam Borrowed $1,250 on March 15 at an Interest Rate

question 123

Short Answer

Sam borrowed $1,250 on March 15 at an interest rate of 4.5%. Sam repaid the full amount plus the interest owed on September 1. How much did Sam repay?

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Definitions:

Delirium

A serious disturbance in mental abilities that results in confused thinking and reduced awareness of the environment.

Working Memory

The cognitive system responsible for temporarily holding and manipulating information in the mind for tasks such as reasoning and comprehension.

Response Inhibition

The cognitive process involved in the ability to suppress actions that are inappropriate or no longer required by a given context.

Treatable

Capable of being managed, alleviated, or cured through medical care or other interventions.