An Investment Account That Increases from $3,000 to $3,271 in One

question 11

Multiple Choice

An investment account that increases from $3,000 to $3,271 in one year is earning approximately ________ annual interest.

• A) 3%
• B) 5%
• C) 7%
• D) 9%
• E) 11%

---

Definitions:

Financial Statements

A set of formal records that outline the financial activities and condition of a business, entity, or individual, including the balance sheet, income statement, and cash flow statement.

Long-term Investments

Assets that a company intends to hold for more than one fiscal year, such as stocks, bonds, or real estate.

Property Plant

Assets of a tangible nature, like buildings and machinery, used in operations and expected to be used over several years.

Equipment Section

Part of a company's balance sheet or financial statements that lists the tangible assets used in operations, like machinery, along with their net book values.