Fredrick Received a $1,400 Loan from the Bank for a New

question 52

Multiple Choice

Fredrick received a $1,400 loan from the bank for a new appliance. The bank is using the simple interest formula for this two-year, 8% loan. What is his total interest?

• A) $16
• B) $80
• C) $112
• D) $224
• E) $1,416

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Definitions:

Diet

The combination of foods and beverages a person consumes, which impacts health, body weight, and disease risk.

Exercise

Physical activities performed to improve health, fitness, and overall well-being.

Cardiac Rehabilitation

A supervised program that includes exercise training, health education, and stress reduction for patients who have experienced heart-related problems.

Second Heart Attack

A subsequent myocardial infarction that occurs in an individual who has already experienced one heart attack, emphasizing the importance of ongoing cardiac care and lifestyle modification.