Use the Following Data to Solve the Following Questions

question 14

Multiple Choice

Use the following data to solve the following questions:
-Branson Company deposited $5,800 in an account paying 2.5% annual interest. How much simple interest would Branson earn in 3 years?

• A)$5,945
• B) $435
• C) $145
• D) $446

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Definitions:

Significant Term

A significant term in a contract is a provision that is essential to the agreement, often impacting the performance, duties, and rights of the parties involved.

Minor Failure

A small or insignificant defect or flaw, especially in a product, system, or mechanism, that does not generally inhibit its intended function.

Repudiation

The rejection or refusal to acknowledge or pay a debt or fulfill a contractual obligation, often leading to a breach of contract claim.

Frustration

A legal doctrine that excuses parties from fulfilling their contract obligations due to unforeseen circumstances rendering the contract impossible, illegal, or radically different.