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:

Arthritis

A condition causing inflammation, pain, and stiffness in the joints, often leading to reduced mobility and quality of life.

Inflammatory Disease

A disease characterized by inflammation, which is a response of body tissues to injury or irritation, marked by pain, redness, swelling, and sometimes loss of function.

Musculoskeletal

Relating to or affecting the muscles and the skeleton.

Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body, including the brain, spinal cord, and peripheral nerves.