Alexander Carver Loaned $3,000 to Bonnie Humphrey for a Vacation

question 17

Short Answer

Alexander Carver loaned $3,000 to Bonnie Humphrey for a vacation trip. Compute the loan period if Alexander charged 10% exact simple interest (365-day year) and Bonnie repaid a total of $3,082.19. (To the nearest day.)

---

Definitions:

Identity Confusion

A state in which an individual experiences uncertainty, conflict, or disorder regarding their personal identity or role in society.

Trust Versus Mistrust

A stage in Erik Erikson's theory of psychosocial development where an infant learns to trust their caregivers and environment or develops mistrust.

Generativity Versus Stagnation

According to Erikson, a major developmental task of later adulthood is finding meaning in one’s work, which produces a sense of generativity. Failure leads to a sense of stagnation.

Generativity

A term often used in psychology to denote a concern for establishing and guiding the next generation, typically expressed during middle adulthood.