When More Than One Payment Is Made on a Simple

question 7

Multiple Choice

When more than one payment is made on a simple interest loan,the method of computing interest is known as the:

• A)add-on interest method.
• B)average daily balance method.
• C)adjusted balance method.
• D)declining balance method.
• E)previous balance method.

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Definitions:

Queer Theory

An interdisciplinary approach that deconstructs and critically examines societal norms related to sexual orientation and gender identity, challenging binary views.

Sociology

The scientific study of society, including patterns of social relationships, social interaction, and culture, to understand human behavior and social structures.

Androcentric World

A perspective or practice that places male human beings or the masculine point of view at the center of one's view of the world and its culture and history.

Marxism

A sociopolitical and economic ideology based on the theories of Karl Marx, focusing on class struggle, the conflict between the bourgeoisie (capitalist class) and the proletariat (working class), and advocating for a classless society.