Reeves Incorporated is issuing a note payable to four individuals for $5,000 each. Which individual will end up paying the MOST in interest, assuming all individuals pay in full on the maturity date?

A : Individual 4 has an annual interest rate of 3.8% and a maturity date of six months.
B : Individual 1 has an annual interest rate of 3.5% and a maturity date of 60 days.
C : Individual 2 has an annual interest rate of 4.75% and a maturity date of three months.
D : Individual 3 has an annual interest rate of 4.05% and a maturity date of one year.

The individual 3 will pay more interest amount, with an interest of $202.5. Therefore option D is the correct option.

Explanation: This is calculated using the simple interest formula.

I = P × R × T

I is the interest

P is the principal

R is the rate per year

T is the period of interest

Option A: for individual 4;

I = $5,000 × 0.038 × 6/12 = $95

Option B: for the individual 1;

I = $5,000 × 0.035 × 60/365 = $28.8

Option C: for the individual 2;

I = $5000 × 0.0475 × 3/12 = $59.4

Option D: for individual 3;

I = $5000 × 0.0405 × 1 = $202.5

Therefore, from the calculations above, the individual that will be most in interest is individual 3, because the individual interest amount is more. That means option D is most correct

While individual 1 will pay less is

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi