The Value of a Loan of $100,000 After a Year

question 74

Multiple Choice

The value of a loan of $100,000 after a year at 5 percent interest is:

• A) $5,000.
• B) $95,000.
• C) $105,000.
• D) None of these is true.

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Definitions:

Logic Error

A mistake in a program's source code that results in incorrect or unexpected behavior, but does not necessarily produce a syntax error.

Enumerated Type

A data type consisting of a set of predefined constants, known as enumeration, helping to create more readable and maintainable code.

Named Constant

A constant value in programming that is given a name, making the code more readable and maintainable by providing meaningful context.

Loop

A programming construct that repeats a block of code multiple times until a certain condition is met.