Estimate the Answer by Picking the Best Choice Without Calculating

question 189

Multiple Choice

Estimate the answer by picking the best choice without calculating. If your credit card balance is $962, you make a $50 payment, the APR is 6%, and the interest is calculated according to the adjusted balance method, then the finance charge is __________.

• A) $4.81
• B) $57.72
• C) $4.59
• D) $54.72
• E) $4.56

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Definitions:

Global Score

A cumulative score that represents an overall assessment or evaluation, typically in the context of tests or evaluations.

Personality Codes

Systems or schemes used to categorize individuals according to their personality traits or characteristics.

MMPI-II

The Minnesota Multiphasic Personality Inventory-2, a widely used standardized psychometric test of adult personality and psychopathology.

PAI

Personality Assessment Inventory, a psychological test addressing various aspects of a person's personality and psychopathology.