How Much More Interest Will Be Earned If $6000 Is

question 55

Multiple Choice

How much more interest will be earned if $6000 is invested for 6 years at an annual rate of 9% compounded continuously, instead of at 9% compounded quarterly?

• A)$20.72
• B)$40.72
• C)$61.44
• D)$994.60
• E)$1035.32

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Definitions:

Span-of-control

The number of direct reports a manager or supervisor has, influencing the structure and management effectiveness of an organization.

Unity-of-command Principle

A management principle stating that each employee should receive orders from only one superior to avoid confusion and conflict.

Organisation Structures

The hierarchical arrangement of lines of authority, communications, rights, and duties within a company that determines how roles, power, and responsibilities are assigned, controlled, and coordinated.

Decision-making Authority

The power or right delegated to an individual or group to make choices that will affect outcomes within an organization.