Determine the Amount of (Simple) Interest That Would Be Earned

question 45

Multiple Choice

Determine the amount of (simple) interest that would be earned over eight months at 26% on an investment of $43,500.

• A) $11,309.99
• B) $2,352.48
• C) $7,540.00
• D) $6,786.00
• E) $5,367.03

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Definitions:

Clinical Psychologist

A professional specializing in diagnosing and treating mental disorders and psychological problems through therapy.

Holland's Model

A theory of career and vocational choice based upon personality types, suggesting that people are more satisfied and achieve more in work environments that match their personal orientations.

Artistic

Relating to, or exhibiting skills in, the creation or appreciation of art and beauty.

Occupational Interest Inventories

Assessments designed to understand an individual's preferences and interests towards certain types of career paths or work environments.