Paula Invested into Two Accounts; One Pays 7% Simple Interest

question 107

Multiple Choice

Paula invested into two accounts; one pays 7% simple interest and the other pays 8% simple interest. She invested $2000 more in the account paying 8% than in the account paying 7%. At the End of the first year, Paula's total return was $1810. How much did she invest in each account?

• A) $14,000 at 7%; $10,000 at 8%
• B) $11,000 at 7%; $13,000 at 8%
• C) $13,000 at 7%; $11,000 at 8%
• D) $10,000 at 7%; $14,000 at 8%

Recognize the features and importance of learning organizations in promoting continuous improvement.

Distinguish between classical, behavioural (human resource), and quantitative approaches to management thinking.

Know the essential aspects of systems thinking and its relevance to effective management.

Understand the key qualities leaders should have for success in the 21st century.

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Definitions:

Pride

A feeling of self-respect and personal worth, often associated with achieving something important or valuable.

Autonomic Nervous System

The section of the nervous system responsible for managing automatic functions of the body like cardiac rhythm, respiratory processes, and digestive activities.

Physiological Arousal

A physical state of heightened alertness and increased activity in the autonomic nervous system, often as a response to a stimulus.

Different Emotions

A variety of emotional experiences and responses that humans feel, including happiness, sadness, anger, and fear.