Solve the Problem

question 94

Multiple Choice

Solve the problem. Round dollar amounts to the nearest cent. Use ordinary interest unless otherwise indicated.
-On October 12, Marge Smith paid a state income tax payment, which was due on June 30. The penalty was 10% simple interest on her unpaid tax of $641. Find the penalty using exact interest.

• A)$18.44
• B)$18.52
• C)$18.26
• D)$17.91

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Definitions:

Antidepressant Drugs

Medications prescribed to alleviate symptoms of depression by adjusting brain chemistry.

Mental Repression

A defense mechanism where unpleasant thoughts, memories, or desires are pushed from the conscious mind into the unconscious.

Highly Embarrassing

Highly embarrassing refers to situations or events that cause an intense feeling of shame or discomfort, often due to social faux pas or personal failures.

Psychoanalytic Framework

A theoretical model that emphasizes unconscious psychological processes (such as desires and fears) and early childhood experiences as determinants of behavior and mental disorders.