Paul Borrowed $200 to Be Repaid in One Year

question 116

Multiple Choice

Paul borrowed $200 to be repaid in one year. He paid 10% interest and a service charge of $3.00. What is his finance charge?

• A) $3.00
• B) $20.00
• C) $23.00
• D) $200.00
• E) $223.00

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Definitions:

Suggestive Mark

A trademark that hints at the nature or quality of the goods or services it represents, without describing them directly.

Characteristic

A distinguishing trait, quality, or property that defines or identifies something.

Common Name

A name by which a species is known to the general public, as opposed to its scientific or Latin name.

Trademark Infringement

An unauthorized use of a trademark or service mark on competing or related goods and services, leading to a likelihood of confusion.