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:

Vital Capacity

The maximum amount of air a person can expel from the lungs after a maximum inhalation, a key measure of pulmonary health.

Tidal Volume

The amount of air moved into or out of the lungs during normal breathing.

Residual Volume

The amount of air remaining in the lungs after a forceful exhale, preventing lung collapse.

Vital Capacity

The maximum amount of air a person can expel from the lungs after a maximum inhalation, measuring lung health.