Determine the Rate of Return (Yield) on a Savings Account

question 71

Multiple Choice

Determine the rate of return (yield) on a savings account in which you deposited $300.00 and earned $6.00 in interest after one year.

• A) 5.00%
• B) 0.05%
• C) 2.00%
• D) 0.20%
• E) 18.00%

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Definitions:

Hernia

The protrusion of an organ through the wall that usually contains it, such as a hiatal or inguinal hernia.

Muscle

Tissue in the body composed of fibers capable of contracting to produce movement or maintain the posture of the body.

Meningitis

An inflammation of the protective membranes covering the brain and spinal cord, potentially caused by infection (viral, bacterial, or fungal).

Spinal Cord

The long, thin, tubular structure composed of nervous tissue that extends from the brainstem down the back, enabling communication between the brain and the body.