Calculate the Amount of Interest If $700

question 45

Multiple Choice

Calculate the amount of interest if $700.00 is invested at 5.5% for two years and nine months.

• A) $111.65
• B) $105.88
• C) $10 587.50
• D) $1058.75
• E) $158.65

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Definitions:

Stereotyping

The act of assigning a fixed set of characteristics to a group of people or things, often based on oversimplifications or assumptions.

Cultural Pluralism

A condition or system in which various cultural groups coexist within a society, maintaining their cultural differences.

Xenophobia

A fear or hatred of strangers or foreigners, or anything that is strange or foreign.

Ethnocentrism

The act of judging another culture solely based on the values and standards of one's own culture.