Solve If Needed, Round Money Amounts to Two Decimal Places

question 17

Multiple Choice

Solve. If needed, round money amounts to two decimal places and all other amounts to one decimal place.
-5% of students at a university attended a lecture. If 6000 students are enrolled at the university, about how many students attended the lecture?

• A) 300 students
• B) 3000 students
• C) 30 students
• D) 30,000 students

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Definitions:

Earnings Rate

The rate at which a company or investment generates income, usually expressed as a percentage of the investment or the company's capital.

Compound Interest

Interest on a deposit or loan that is calculated based on the initial amount along with the total of all interest accumulated in earlier periods.

Present Value Index

A financial calculation that allows the comparison of the present value of cash inflows to the present value of cash outflows.

Rate of Return

A measure of the profitability of an investment, expressed as a percentage of the original investment.