The Amount a in an Account Is Given by the Formula

question 35

Multiple Choice

The amount A in an account is given by the formula A = p + i where p is the principal and i is the interest. How much interest was earned if an original deposit (the principal) of $4,250 has grown to be $4,520?

• A)$280
• B)$270
• C)$255
• D)$275
• E)$250

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Definitions:

Binding

In legal terms, describing an agreement or contract that is legally enforceable by law.

Theory Z

A management philosophy that stresses employee participation in all aspects of company decision making.