Carly Borrowed $450 from Jenn on August 24 at an Interest

question 212

Multiple Choice

Carly borrowed $450 from Jenn on August 24 at an interest rate of 11%. On January 11 of the following year, Carly repaid the loan with interest. How much interest should she have paid?

• A) $22.81
• B) $12.38
• C) $21.63
• D) $18.99
• E) $90.87

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Definitions:

Analytical Intelligence

The ability to analyze, evaluate, judge, compare, and contrast information.

Sternberg's View

A theory of intelligence proposed by Robert Sternberg, suggesting that human intelligence comprises analytical, creative, and practical dimensions.

Cognitive Processes

The mental actions or operations involved in acquiring, processing, storing, and retrieving information.

Language Complexity

Involves the various features that make a language intricate and varied, including its vocabulary, syntax, and grammar.