Simple Interest Is Given by Prt, Where P Is the Principal

question 111

Multiple Choice

Simple interest is given by Prt, where P is the principal investment, r is the interest rate, and t is the number of years. What is the interest if $P = \$ 6800$ , $r = 0.08$ , and $t = 4$ years?

• A)$ \(1088\)
• B)$ \(3264\)
• C)$ \(2176\)
• D)$ \(6528\)
• E)$ \(4352\)

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Definitions:

Prevention Focus

A psychological orientation that emphasizes the avoidance of negative outcomes and errors, leading individuals to adhere to rules and responsibilities.

Need For Cognition

A personality trait reflecting the enjoyment or engagement with thinking, problem-solving, and understanding complex ideas.

Self-Monitoring

The awareness and regulation of one's behavior in accordance with the social situations and cues.

Attitude Inoculation

A psychological technique that strengthens an individual's attitudes or beliefs by exposing them to small doses of counterarguments, thereby making them more resistant to future challenges or attacks.