For Simple Interest Accounts the Interest Earned or Due Depends

question 84

Multiple Choice

For simple interest accounts the interest earned or due depends on the principal p, interest rate r, and the time t in years according to the formula I = prt. Find p given I = $50.14, r = 10.5%, and t = 6 months. Round your answer to the nearest dollar.

• A) $955
• B) $960
• C) $965
• D) $970

Appreciate the significance of values and approaches in community psychology.

Explore strategies for bringing about social change and overcoming barriers in community psychology.

Understand the role of community psychologists in fostering positive community environments.

Identify and describe elements involved in creating a positive sense of community.

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Definitions:

Network Interface Card

A Network Interface Card (NIC) is a hardware component that connects a computer to a network, enabling it to communicate with other devices.

Router

A networking device that forwards data packets between computer networks.

Public Networks

Networking environments accessible by the general public, such as the internet, often less secure than private networks.

Hackers

Individuals skilled in technology who use their knowledge to gain unauthorized access to systems or networks, often for malicious purposes, but also can refer to ethical hackers who help improve security.