The Simple Interest Due on a 2-Month Loan of $3300

question 55

Multiple Choice

The simple interest due on a 2-month loan of $3300 is $560. What is the maturity value of the loan?

• A) $3860
• B) $2740
• C) $3864
• D) $1110
• E) $3856

Know how to distinguish between various accounting terms and financial instruments.

Understand the components and importance of payroll tax expense and its impact on the employer and employee.

Master the ability to match specific accounting terms to their correct definitions or descriptions effectively.

Understand the basic principles and definitions of economics including the allocation of scarce resources and opportunity cost.

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Definitions:

Reinforcement of Aggression

The process by which aggressive behaviors are encouraged or increased, often through positive feedback, rewards, or removing negative consequences.

Type B Personality

A personality type characterized by a relaxed, patient, and easy-going nature.

General Adaptation Syndrome

A theoretical model describing the body's short-term and long-term reactions to stress, involving stages of alarm, resistance, and exhaustion.

Tend-and-befriend Response

A behavioral response to stress that involves seeking social support and nurturing others, theorized to be more common in females.