TechCom Receives a 10%, 90-Day Note for $2,500

question 35

Multiple Choice

TechCom receives a 10%, 90-day note for $2,500. The interest on the note is

• A) $36.99
• B) $50.00
• C) $58.79
• D) $61.64
• E) $87.50

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Definitions:

Math Test

An examination designed to assess an individual’s understanding and proficiency in mathematical concepts and problem-solving.

Test Bias

The presence of certain factors in a test that systematically advantages or disadvantages certain groups of individuals, leading to unfair assessment outcomes.

Item Difficulty

A measure of the proportion of individuals who correctly answer or perform a specific task or test item, indicating the item's level of challenge.

Psychologists

Experts in psychology, the study of the mind and behavior, who may engage in research, teaching, or provide therapeutic services.