Examlex
Assuming you were charged simple interest on a loan of $4,900 which requires you to repay in one year $5,292,what rate of interest would you be charged? (Round interest rate to the nearest hundredth percent if necessary.)
(a)9.26%
(b)8%
(c)7.41%
(d)11%
Physical Availability
The degree to which a product or service can be obtained by the consumer, often relating to its distribution, placement, and stock levels in the marketplace.
Actor-Observer Effect
A cognitive bias in which people tend to attribute their own actions to external factors and others' actions to their personality or disposition.
Self-Serving Bias
A common tendency for individuals to attribute their successes to personal characteristics, while attributing their failures to external factors.
Proximity
The physical or psychological closeness between people, often influencing attraction and relationships.
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