Calculate the Amount of Simple Interest Earned

question 40

Multiple Choice

Calculate the amount of simple interest earned. $5,000 at 8% for 4 years

• A) $20,000
• B) $1,600
• C) $400
• D) $16,000
• E) $32,000

---

Definitions:

Negative Factors

Negative factors refer to elements or conditions that negatively impact or hinder progress in various contexts, such as health, economic growth, or social relationships.

Process Evaluations

Assessments that focus on the implementation process of a program or intervention, analyzing how it is delivered and identifying areas for improvement.

Orally

Pertaining to the mouth; in the context of communication, it refers to the act of speaking or conveying information through spoken words rather than in written form.

Preconceived Notions

Beliefs, ideas, or opinions formed before having the evidence for their truth or usefulness.