A Bank Lent Million for the Development of Three

question 60

Multiple Choice

A bank lent million for the development of three new products, with one loan at 6%, one loan at 7%, and the third loan at 8%. The amount lent at 8% was equal to the sum of the amounts lent at the other two rates, and the bank's annual income from the loans was . How much was lent at each rate? ​

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Definitions:

Private Speech

The self-directed speech of children that is used to guide their own thoughts and behavior, often seen in the context of learning or problem-solving.

Effective Communicators

Individuals who are able to express ideas and messages clearly and efficiently both verbally and non-verbally, resulting in successful transmission and understanding of information.

Social Learning Theory

A theory that posits people learn from one another, via observation, imitation, and modeling.

Moral Behavior

refers to actions that are in accordance with societal norms and values regarding what is right or wrong.