What Is the Simple Interest Rate of a 7-Month GIC

question 39

Multiple Choice

What is the simple interest rate of a 7-month GIC that grows from $30,000 to its maturity value of $31,500?

• A) 5.00%
• B) 8.16%
• C) 8.57%
• D) 8.95%
• E) 9.88%

Analyze theories and criticisms related to social class, including the culture of poverty and cultural capital.

Evaluate the role of power, prestige, and income in determining social status as per Max Weber's theory.

Identify the challenges and dynamics of the working poor in relation to the minimum wage.

Compare different systems of slavery and their societal impacts.

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Definitions:

Coring Machine

Equipment used to remove a cylinder of material, such as soil or rock, for analysis or construction purposes.

Specialty Product

Goods or services that have unique characteristics and are bought less frequently with a higher level of customer loyalty and involvement.

Burberry

a British luxury fashion brand known for its distinctive check pattern and high-end products, including clothing, accessories, and fragrances.

Distinctive Plaid

A unique pattern of crisscrossed horizontal and vertical bands in multiple colors.