If $100 Is Invested for One Year at 8% P

question 10

Multiple Choice

If $100 is invested for one year at 8% p.a. and inflation during the same period is 3%, the real value of the investment at the end of the year is:

• A) $104.85.
• B) $103.00.
• C) $104.76.
• D) $105.00.

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Definitions:

Methodical

Characterized by a systematic, orderly approach to tasks or procedures, often leading to accurate and thorough outcomes.

Auscultating

The act of listening to the internal sounds of the body, typically using a stethoscope, for medical diagnosis.

Fingernails

Hard, flat structures made of keratin at the tips of fingers, serving protective and functional purposes.

Turgor

The state of being swollen or distended, typically used to describe the elasticity of the skin as an indicator of hydration and health.