Calculate the Interest on $6,000 Borrowed at an Annual Rate

question 8

Multiple Choice

Calculate the interest on $6,000 borrowed at an annual rate of 9% under the simple interest loan method for 9 months.

• A)$270
• B)$360
• C)$405
• D)$450
• E)$540

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Definitions:

Production Costs

The total expenses incurred in the manufacture of a product, including labor, materials, and overheads.

Personal Prejudices

Biases or preconceived opinions that individuals hold, which affect their attitudes, actions, and perceptions about other people or situations.

Continuous Employment

A work situation where an individual is employed continuously without significant breaks or interruptions.

Relocation

Refers to the process of moving to a different place, often for work or living purposes.