Tomas Earned $89 in Interest on His Savings Account Last

question 47

Multiple Choice

Tomas earned $89 in interest on his savings account last year and has decided to leave the $86 in his account this coming year so it will earn interest.This process of earning interest on prior interest earnings is called:

• A)discounting.
• B)compounding.
• C)duplicating.
• D)multiplying.
• E)indexing.

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Definitions:

Privately Resolved

Issues or disputes that are settled out of public view, often through mediation, negotiation, or arbitration, without formal legal proceedings.

Employee Voice

The ability of workers to express their opinions, concerns, and suggestions for improvement within their workplace.

Majority

Majority refers to more than half of a particular group or the greater part of a total number, often used to describe the requirement for decision-making in democratic processes.

Collective Bargaining

The process where union representatives negotiate with employers on behalf of employees to establish wages, working conditions, and other employment terms.