On October 1, 2015, Android Inc

question 109

Multiple Choice

On October 1, 2015, Android Inc. made a loan to one of its customers. The customer signed a 4-month note for $100,000 at 15%. Calculate the total interest earned on the note.

• A)$5,000
• B)$3,750
• C)$1,250
• D)$15,000

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Definitions:

Volume Decreases

The reduction in the amount of space that a substance or object occupies.

Temperature

A measure of the thermal energy of an environment or substance, often measured in degrees Celsius, Fahrenheit, or Kelvin.

Gas Laws

Fundamental laws that describe the behavior of gases, including Boyle’s, Charles's, and Avogadro's laws, relating volume, pressure, temperature, and the amount of gas.

Temperature

A physical quantity that expresses hot and cold, measured on a quantitative scale, it reflects the average kinetic energy of particles in matter.