The Total Amount of Simple Interest Calculated Annually on a $4,000

question 45

Multiple Choice

The total amount of simple interest calculated annually on a $4,000 note payable in five years at 9% is

• A)$1,800.00.
• B)$1,411.20.
• C)$2,154.60.
• D)$554.04.

---

Definitions:

Consciousness

The condition of being conscious and able to contemplate one’s own being, perceptions, cognitions, environment, and life events.

Tape-Record

To capture audio or data onto magnetic tape or digital format for storage and later playback.

Thoughts

Mental processes or ideas that are produced by cognitive activities in the brain.

Endless Flow

A continuous, uninterrupted stream or sequence of activity or events.