You Obtain a Loan of $3,000 Based on Simple Interest

question 117

Multiple Choice

You obtain a loan of $3,000 based on simple interest with an annual interest rate of 12%. At the end of the first month, the interest owed on $3,000 is

• A) $30.
• B) $36.
• C) $300.
• D) $360.

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Definitions:

Common Sexual Activity

Forms of physical intimacy that are widely practiced or recognized among individuals in society.

Artificial Penis

A prosthetic or device designed to emulate the form and function of a human penis, typically used for sexual stimulation or as part of gender affirmation.

Contraception

Techniques or instruments designed to avoid conception following sexual activity.

Ignorance

A lack of knowledge, understanding, or information about something.