Determine the Interest Rate Earned on a $800 Deposit When

question 104

Multiple Choice

Determine the interest rate earned on a $800 deposit when $808 is paid back in one year.

• A) 100%
• B) 10%
• C) 1%
• D) 15%

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Definitions:

Imagination

The faculty of the mind that forms new ideas, images, or concepts not present to the senses.

Openness

A personality trait that represents how open or receptive a person is to new experiences and ideas.

Modesty

A behavior or manner that is intended to avoid impropriety or indecency, often reflecting humility or lack of pretension.

Agreeableness

A personality dimension that reflects the extent to which an individual is cooperative, kind, and compassionate toward others.