What Is the APR on a Loan That Charges Interest

question 45

Multiple Choice

What is the APR on a loan that charges interest at the rate of 1.4% per month?

• A) 10.20%
• B) 14.00%
• C) 16.80%
• D) 18.16%

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Definitions:

Employee Input

The contribution of ideas, feedback, and suggestions provided by employees to improve workplace processes, products, or the work environment.

Protected Class

A group of people legally protected from discrimination by law, based on characteristics such as race, gender, age, disability, and sexual orientation.

BFOQ

Bona Fide Occupational Qualification refers to a quality or an attribute that employers are allowed to consider when making decisions on the hiring and retention of employees—a quality that when considered in other contexts would constitute discrimination and thus be illegal.

Discriminate Against

Unfair treatment of a person or group based on preconceived judgments or characteristics.