Billy Thornton Borrowed $20,000 at a Rate of 7

question 152

Multiple Choice

Billy Thornton borrowed $20,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month.The bank uses a 360-day year.How much interest would Billy have to pay in a 30-day month?

• A) $120.83
• B) $126.88
• C) $133.22
• D) $139.88
• E) $146.87

Recognize strategies to overcome common barriers to effective listening and communication.

Appreciate the importance of summarizing decisions and actions at the end of meetings.

Identify the tools and technologies that support virtual meetings and training sessions.

Understand the structure and function of chlorophyll in photosynthesis.

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Definitions:

Propositions

Statements or assertions that express judgments or opinions which can be either true or false.

Symbolic

Pertaining to symbols or symbolism; using symbols to represent ideas or qualities.

Predicate

The part of a sentence or clause that expresses what is said about the subject and is usually made up of a verb with or without objects, complements, or adverbial modifiers.

Propositions

Statements or assertions that express opinions or judgments which can be true or false.