If a Sum of $15,000 Is Borrowed at 13 Percent

question 119

Multiple Choice

If a sum of $15,000 is borrowed at 13 percent for 1 year,the interest paid by the borrower is ________.

• A) $750
• B) $1,000
• C) $1,950
• D) $5,500

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Definitions:

Common Cold

A viral infectious disease of the upper respiratory tract characterized by symptoms such as sneezing, sore throat, cough, and nasal congestion.

STIs

Sexually Transmitted Infections, diseases that are passed from one person to another through sexual contact.

Asymptomatic

The condition of being without any noticeable symptoms even though an illness or disease is present.

HIV

Human Immunodeficiency Virus is a virus that attacks the immune system, which can lead to AIDS (Acquired Immunodeficiency Syndrome) if not treated.