Your Accountant Tells You That If You Can Continue to Earn

question 37

Multiple Choice

Your accountant tells you that if you can continue to earn the current interest rate on your balance of $750 for the next three years,you will have $944.78 in your account.If your accountant is correct,then what is the current interest rate?

• A)6 percent
• B)7 percent
• C)8 percent
• D)10 percent

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Definitions:

Taylor's Scientific Management

A management theory developed by Frederick W. Taylor, emphasizing efficiency and productivity through systematic study of tasks, time management, and worker training.

Human Relations Development

The process of improving interpersonal skills and fostering better interactions among individuals in a professional or personal context.

Impact

The effect or influence that an event, action, or phenomenon has on someone or something.

Total Person

A holistic concept encompassing all aspects of an individual’s being, including physical, mental, emotional, and spiritual dimensions.