The Basic Formula for Calculating the Interest on a Note

question 2

Multiple Choice

The basic formula for calculating the interest on a note is:

• A) Interest = Principal × Rate × Time.
• B) Interest = (Principal × Rate) - Time.
• C) Interest = (Principal × Time) + Rate.
• D) Interest = Principal × Rate/ Time.

---

Definitions:

Deficiencies

The lack or shortage of necessary qualities, capacities, or elements.

Fiedler's Theory

A leadership model proposing that a leader's effectiveness is contingent on both their leadership style and the favorableness of the leadership situation.

Task-Motivated Leaders

Leaders who are primarily focused on achieving specific goals and completing tasks efficiently.

High Control

A management style or situation characterized by strict rules and a high degree of oversight and direction.