Determine the Interest Rate Earned on a $1,500 Deposit When

question 146

Multiple Choice

Determine the interest rate earned on a $1,500 deposit when $1,680 is paid back in one year.

• A) 0.89 percent
• B) 1.12 percent
• C) 12.00 percent
• D) 89.00 percent

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Definitions:

Two-Part Tariff

Form of pricing in which consumers are charged both an entry and a usage fee.

Bundling

A marketing strategy that involves offering several products or services for sale as one combined product or service package.

Marginal Cost

The added cost of producing one additional unit of output.

Marginal Revenue

The incremental income achieved by dispensing one more unit of a good or service.