Determine the Amount of (Simple) Interest That Would Be Earned

question 45

Multiple Choice

Determine the amount of (simple) interest that would be earned over eight months at 26% on an investment of $43,500.

• A) $11,309.99
• B) $2,352.48
• C) $7,540.00
• D) $6,786.00
• E) $5,367.03

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Definitions:

Management by Objectives

A performance management approach where employees and managers collaboratively set, monitor, and achieve specific objectives within a predefined timeframe.

Desired Outcome

The specific result or achievement that a person or organization aims to reach through their actions or a strategic plan.

Distinguishing Characteristic

A unique or defining trait, quality, or feature that sets an individual, group, or object apart from others.

Personal Contact

involves direct interaction between individuals, usually face-to-face, for communication or relationship building.