Jill Just Borrowed $6,000 and Will Be Charged a Simple

question 23

Multiple Choice

Jill just borrowed $6,000 and will be charged a simple interest rate of 12 percent. Jill will pay ________ interest for borrowing the money on September 1 and repaying the money on December 31.

• A) $240
• B) $420
• C) $720
• D) $1,200

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Definitions:

Stereochemical

Regarding the arrangement of atoms in molecules and how it affects their characteristics and chemical reactions.

Reagents

Chemical substances or compounds added to a system to bring about a chemical reaction or to see if a reaction occurs.

Transformation

A general term for any process or reaction that changes the chemical structure, physical properties, or molecular composition of a substance.

Organic Product

A compound containing carbon atoms that has been produced through chemical reactions involving organic molecules.