Solve the Problem

question 90

Multiple Choice

Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent.
-John Lee's savings account has a balance of $4466. After 15 months, what will the amount of interest be at 2.8% per year?

• A) $140.05
• B) $125.05
• C) $156.31
• D) $297.73

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Definitions:

Human Capital

The grouped skillset, awareness, or subtle properties of individuals that can be utilized to create financial benefits for the individuals, the organizations they work for, or their local communities.

Discriminated

Treated unfairly or prejudicially against an individual or group based on characteristics such as race, age, sex, or religion.

Performance Reviews

Formal assessments where an employee's job performance is evaluated, typically by their manager, against agreed standards.

Productivity

The measure of output per unit of input, reflecting the efficiency of production.