Jill Just Borrowed $6,000 and Will Be Charged a Simple

question 23

Multiple Choice

Jill just borrowed $6,000 and will be charged a simple interest rate of 12 percent. Jill will pay ________ interest for borrowing the money on September 1 and repaying the money on December 31.

• A) $240
• B) $420
• C) $720
• D) $1,200

---

Definitions:

Presumed Membership

The assumption of an individual's belonging or association with a particular group without definitive evidence.

Symbolic Racism

A form of racism expressed through subtle or indirect means, such as language, policies, or cultural representations.

Racial Categories

Classifications of humans into groups based on physical traits, ancestry, genetics, or social relations, often constructed socially and culturally.

College Admissions

The process whereby prospective students apply to and are selected by an educational institution for enrollment.