Find Principal to the Nearest Dollar, Rate to the Nearest

question 16

Multiple Choice

Find principal to the nearest dollar, rate to the nearest tenth of a percent, or time to the nearest day. Use banker's interest.
-Universal Gallery earned $400 interest in 90 days from an investment that paid 5.5%. Find the amount initially invested.

• A)$14,546
• B)$7,273
• C)$29,091
• D)$29,495

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Definitions:

Force Field Analysis

A management technique developed by Kurt Lewin, used to identify and analyze the forces that influence a situation, helping in decision making and problem-solving.

Organizational Change

Organizational change involves the process through which companies or institutions modify their structures, strategies, operational methods, or culture to adapt to internal and external demands.

Kurt Lewin

A pioneering psychologist known for his contributions to social psychology, organizational development, and the study of leadership and change.

Team Approach

A collaborative method where a group of individuals work together towards a common goal, leveraging their diverse skills and perspectives.