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The Interest Earned on a USD 5,000,000

question 201

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The interest earned on a USD 5,000,000.oo money market deposit for 184 days is USD 12,500.00. What was the interest rate?


Definitions:

Organizational Psychology

An I/O psychology subfield that examines organizational influences on worker satisfaction and productivity and facilitates organizational change.

Motivation

The mechanism that starts, directs, and sustains behaviors aimed at achieving goals.

Human Factors Psychologist

A professional who applies psychological principles to the design of products, processes, and systems to optimize human well-being and overall system performance.

Person-machine Interactions

The study and design of systems and environments where humans and machines cooperate or interact.

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