Calculate the Annual Return Earned by a Lender on a Sum

question 51

Multiple Choice

Calculate the annual return earned by a lender on a sum of $800 lent out at 8 percent interest, if prices inflate at the rate of 5 percent per annum.

• A)$909.03
• B)$808.50
• C)$800.67
• D)$907.20

---

Definitions:

HR Planning

The process of forecasting an organization's human resource needs and strategizing how to meet these needs, aligning them with the company's goals.

Critical Skill

Essential capability or expertise required to perform a job effectively, often determining success in specific tasks or roles.

Forecasting

The process of making predictions about future events or trends based on past and present data analysis.

HR Forecasting

The process of estimating the future human resource needs of an organization, based on its business goals, projected retirements, turnovers, and market changes.