What Rate of Interest Was Earned for $2,000 to Accumulate

question 30

Multiple Choice

What rate of interest was earned for $2,000 to accumulate to be $26,362 after 10 years?

• A)4%
• B)5%
• C)6%
• D)7%
• E)8%

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Definitions:

Independence

The state of being self-reliant and free from outside control, enabling the individual to make their own decisions and actions.

Gender Equity

The fair treatment and equal opportunities for all genders, aiming to address and rectify inequalities.

Gender Stereotypes

Preconceived and oversimplified beliefs about the characteristics, attributes, and roles deemed appropriate for males and females in a society.

Power Relations

Power relations concern the dynamics of control, influence, and authority between individuals or groups within a particular context or society.