What Is the Simple Annualised Interest Rate on a Company

question 9

Multiple Choice

What is the simple annualised interest rate on a company transaction to raise $100 000 financing by drawing a bank bill with a face value of $104 000,payable in 120 days?

• A) 4%
• B) 12%
• C) 12.17%
• D) 12.67%

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Definitions:

Spatial Neglect

A neurological disorder characterized by the failure to attend or respond to stimuli presented on the side opposite the brain lesion.

Right Hemisphere

The right half of the brain, which is associated with creative thought, spatial ability, and the processing of visual and musical information.

Left Hemisphere

The left side of the human brain, often associated with analytical thought, logic, language, and processing of serial sequences.

Suprachiasmatic Nucleus

A part of the brain located in the hypothalamus, responsible for controlling circadian rhythms.