If the Amount Payable in Two Years Is $2,420 for a Simple

question 26

Multiple Choice

If the amount payable in two years is $2,420 for a simple loan at 10 percent interest,the loan amount is

• A)$1,000.
• B)$1,210.
• C)$2,000.
• D)$2,200.

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Definitions:

Meditation

A family of mental exercises in which a conscious attempt is made to focus attention in a nonanalytical way.

Mindlessness

Engaging in rote behavior, performing familiar, scripted actions without much cognition, as if on autopilot.

Mindlessness

A mental state characterized by a lack of conscious awareness or attentiveness, often resulting in automatic or habitual actions without thoughtful consideration.

Meditation

A practice of focused attention, bringing about a state of relaxation and mental calmness, often used for reducing stress.