How Much Interest Can Be Accumulated During One Year on a $1,000

question 89

Multiple Choice

How much interest can be accumulated during one year on a $1,000 deposit paying continuously compounded interest at an APR of 10 percent?

• A)$100.00
• B)$105.17
• C)$110.50
• D)$115.70 Interest = $1,000 x e.¹ - $1,000
• = $1,000 x 1.1052 - $1,000
• = $1,105.17 - $1,000

---

Definitions:

Driving Forces

Describes elements or factors that contribute significantly to the pushing or motivation toward the achievement of a certain goal or change within an individual or organization.

Restraining Forces

Factors that resist or oppose the direction of change, making it difficult to move from the current state to a desired future state in organizational and personal development.

Force Field Analysis

A technique used to identify and analyze the forces that either aid or hinder the achievement of a certain goal or change.

Driving Forces

Factors or motivations that compel someone to move towards a goal or change.