Marcus Puts $500 in an Account and One Year Later

question 179

Multiple Choice

Marcus puts $500 in an account and one year later has $550;what was the interest rate on the account?

• A)10 percent
• B)9 percent
• C)8 percent
• D)None of the above is correct.

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Definitions:

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Global Marketing

Marketing strategies and efforts designed to promote and sell products or services on an international scale, taking into account cultural, legal, and language differences.

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Pathways and intermediaries involved in the distribution of goods and services from producers to consumers.