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:

Anabolism

The constructive part of metabolism concerned with the biosynthesis of complex molecules from simpler substances within the body.

Catabolism

The breakdown of complex molecules in living organisms to form simpler ones, often resulting in the release of energy.

Small Intestine

The part of the intestine where most of the digestion and absorption of nutrients occur.

Digestive Juice

Fluids produced by the digestive system that help break down food into absorbable nutrients.