The Amount of Interest Owed on a Loan of $100,000

question 107

Multiple Choice

The amount of interest owed on a loan of $100,000 after a year at an interest rate of 3 percent is:

• A) $3,000.
• B) $30,000.
• C) $103,000.
• D) $100,300.

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Definitions:

Deadly Depressants

Substances that can significantly slow down brain activity, potentially leading to life-threatening effects.

Anticonvulsant Effects

The capacity of certain substances or medications to prevent or reduce the frequency of seizures.

Placebo

An inactive substance or treatment that has no therapeutic effect, used in controlled experiments to test the efficacy of another substance or treatment.

Marijuana

A psychoactive drug from the Cannabis plant used for medical or recreational purposes.