You Obtain a One Year Loan of $3000 Based on Simple

question 82

Multiple Choice

You obtain a one year loan of $3000 based on simple interest with an annual interest rate of 12 percent. What would be the monthly payment?

• A)$360.
• B)$280.
• C)$303.
• D)$266.

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Definitions:

Neutrons

Subatomic particles found in the nucleus of an atom, carrying no electric charge.

Thylakoid Membrane

A membrane-bound compartment inside chloroplasts and cyanobacteria, essential for the light-dependent reactions of photosynthesis.

ATP

An essential nucleotide that serves as the main energy source for many cellular processes, functioning in energy transfer within cells.

Electrons

Subatomic particles with a negative charge, present in all atoms and acting as the primary carrier of electricity in solids.