During Years 2 and 3 Combined, the Account Earned $10

question 174

Multiple Choice

During years 2 and 3 combined, the account earned $10 compound interest. How much was in simple interest?

• A) $30
• B) $80
• C) $105
• D) $110
• E) $120

---

Definitions:

Travelers

Individuals who move between different geographic locations, for purposes such as tourism, business, or leisure.

Foreign Assignments

Work assignments located in a country different from the employee's home country, typically involving international relocation.

McWorld

A term that describes the globalization of culture, economy, and technology, leading to a homogeneous global market and cultural standardization.

University of Michigan

An esteemed public research university located in Ann Arbor, Michigan, noted for its diverse and comprehensive academic programs.