Solve the Problem. -Josh Makes a $2500, 4% Simple Interest Personal Loan to Personal

question 30

Multiple Choice

Solve the problem.
-Josh makes a $2500, 4% simple interest personal loan to his friend Sean for a period of 7 years. When Sean settles his loan at the end of the 7 years, how much money, in total, must he pay Josh? The formula for simple
Interest is I = prt.

• A)$700
• B)$72,500
• C)$2528
• D)$3200

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Definitions:

Kant

Immanuel Kant was an 18th-century German philosopher known for his works on epistemology, ethics, and aesthetics, founding the doctrine of transcendental idealism.

Categorical Imperatives

Moral obligations described by the philosopher Immanuel Kant that are universally valid and apply to all rational beings regardless of their desires or interests.

Qualification

A distinguishing attribute, knowledge, or skill that enables a person to perform a particular job or task.

Virtuous Person

An individual who embodies and practices moral virtues consistently, demonstrating qualities such as honesty, courage, compassion, and integrity.