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:

Damage Inflicted

Harm or injury that is caused deliberately or as a result of an action or event.

Morality

A system of beliefs, values, and principles that guides individuals in distinguishing right from wrong and dictates appropriate conduct within a society.

Measures

Quantitative or qualitative criteria used for assessing, comparing, or tracking performance or progress.