Solve the Problem. -Mahvash Inherited $20,000 and Invested It in a Mutual Fund

question 190

Multiple Choice

Solve the problem.
-Mahvash inherited $20,000 and invested it in a mutual fund for two years. At the end of the two years, her investment had grown to $22,472. Find the annual interest rate that would yield this amount of money, if the
Interest is compounded annually. Use the formula,

• A) 6%
• B) 0.6%
• C) 60%
• D) 0.06%

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Definitions:

Assertive Communication

A style of communication in which a person stands up for their own rights and needs while respecting the rights of others.

Whispering

A mode of speech in which the vocal cords do not vibrate, resulting in a breathy and quiet sound, often used for privacy or secrecy.

Information Overload

A state of having too much information to process, often leading to difficulty in decision-making and increased stress.

Oral Communication

The exchange of information or ideas through spoken words, as opposed to written or non-verbal communication.