If the Interest on a Note Is 12

question 96

Multiple Choice

If the interest on a note is 12.5% and the principal was $100,000, what is the maturity value of the note, if the note is outstanding for 7 months? (Round to the nearest dollar.)

• A) $1,143
• B) $7,292
• C) $107,292
• D) $112,500

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Definitions:

Behavior Geneticist

A researcher who studies the influence of genetic inheritance and environmental factors on human behavior, often through twin and adoption studies.

Sexual Anatomy

Refers to the structural aspects of biological sex in organisms, including the reproductive system and sexual organs.

Skin Color

The visible coloration of the skin, primarily determined by genetic factors, melanin concentration, and environmental influence.

Heredity

The passing of traits from parents to offspring through genes, influencing various physical attributes, behaviors, and risks of developing certain diseases.