If You Had $3,000 in a Savings Account That Paid

question 18

Multiple Choice

If you had $3,000 in a savings account that paid 5% interest compounded annually, how much would you have in your account after five years?

• A)$3,484
• B)$3,629
• C)$3,750
• D)$3,829
• E)$4,224

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Definitions:

Social Media

Digital platforms that enable users to create and share content or participate in social networking.

Virtual Team

A group of individuals who work together from different geographic locations, connected by technology such as email, video conferencing, and collaboration software.

Telecommuting

The practice of working from a remote location outside of the traditional office environment, often from home, leveraging technological connections.

Horizontal Communication

The exchange of information and ideas between individuals or groups at the same level within an organization, promoting collaboration and coordination.