A Retailer Offers an Option Credit Account to Its Customers;interest

question 75

Multiple Choice

A retailer offers an option credit account to its customers;interest is charged at 15 percent per year.If a consumer buys $400 in merchandise on January 1 and receives the bill January 15,how much must the consumer remit to pay the account in full?

• A)$400
• B)$406
• C)$403
• D)$409

---

Definitions:

Leader's Character

Leader's Character refers to the moral and ethical qualities and traits of an individual in a leadership position, influencing their decision-making and relationships with followers.

Duty Driven

Motivated by a sense of obligation or responsibility towards certain tasks or principles, regardless of personal gain.

Ethical Theory

A branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct.

Bonuses

Bonuses are additional financial incentives given to employees or individuals beyond their regular salary or earnings, typically as a reward for performance or achieving specific targets.