If a Depositor Puts R100 in a Bank Account That

question 42

Multiple Choice

If a depositor puts R100 in a bank account that earns 4 per cent interest compounded annually, how much will be in the account after five years?

• A)R104.00
• B)R120.00
• C)R121.67
• D)R123.98
• E)R400.00

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Definitions:

Fixed Costs

Expenses that do not change in proportion to the volume of goods or services a company produces.

Capacity

The maximum output or producing ability of a plant, machine, or company under normal or specific conditions.

Operating Profit

The earnings before interest and taxes (EBIT) generated from a company's core business operations.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production volume.