The Interest on a Note Is $800, the Interest Rate

question 26

Multiple Choice

The interest on a note is $800, the interest rate is 6% and the note is for 60 days. What is the principal of the note? (Use a 360 day year)

• A)$48,000.
• B)$60,000.
• C)$80,000.
• D)cannot be determined from the facts.

Analyze factors contributing to low labor productivity in developing countries.

Evaluate the impacts of admitting more temporary workers from developing countries into industrialized countries.

Identify strategies for developing countries to break out of the vicious circle of poverty.

Distinguish between capital-using and capital-saving technological advances with examples.

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Definitions:

Dominant Genes

Genes that express their traits in the phenotype, regardless of the presence of their recessive counterparts in an organism's genotype.

Recessive Genes

Genes that produce their characteristic phenotype only when their allele is identical and not masked by a dominant allele in a pair.

Additive Genes

Genes that contribute incrementally in varying degrees to the phenotype of an organism.

Dominant

Refers to a trait that overshadows another when both are present, or an individual/group that exerts power over others in a given context.