If an Amount of Money, Called the Principal, P, Is $\mathrm { A } = \mathrm { P } ( 1 + \mathrm { r } ) ^ { 2 }$

question 171

Multiple Choice

If an amount of money, called the principal, P, is deposited into an account that earns interest at a rate r, compounded annually, then in two years that investment will grow to an amount A, given by the formula $\mathrm { A } = \mathrm { P } ( 1 + \mathrm { r } ) ^ { 2 }$ If a principal amount of $4500 grows to $5445.00 in two years, what is the interest rate?

• A) 12%
• B) 10%
• C) 8%
• D) 11%

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Definitions:

Organizational Culture

Organizational culture refers to the shared values, beliefs, and practices that shape how work is done and how people interact within an organization.

Transformational Leadership

A leadership style that inspires positive changes in followers, with leaders focusing on higher-order intrinsic needs and fostering a profound organizational transformation.

Reward Systems

The mechanisms put in place by an organization to recognize, reward, and motivate employees' performances.

Corporate Culture

is the shared values, beliefs, and practices that characterize an organization and influence its employees' behavior.