A Company Invested $50,000 for Two Years at a Rate

question 40

Multiple Choice

A company invested $50,000 for two years at a rate of 8% compounded semi-annually.The amount of interest they earned over the period is closest to:

• A)$4,000.
• B)$8,000.
• C)$8,493.
• D)$9,120.

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Definitions:

Societal Rules

The norms and laws governing behavior within a society, which can influence individual and group actions and decisions.

Retailer

A company that sells goods to consumers for their use, rather than for resale to others.

End-user Consumers

Individuals who are the final users of products or services, typically distinguished from intermediaries or resellers.

Subsector

A division of a larger sector or industry, often defined by specific characteristics or types of activities.