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

---

Definitions:

Environmental Factors

External elements that can influence development, health, and behavior, such as pollution, social interactions, and education.

Crystallized Intelligence

The ability to use learned knowledge and experience.

Acquired Knowledge

Information or skills that an individual learns through experience, education, or training over time.

Percentile Score

A statistical measure indicating the percentage of scores in its frequency distribution that a specific score is equal to or lower than.