Determine the Rate of Return on a Savings Account in Which

question 53

Multiple Choice

Determine the rate of return 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:

MMPI

Short for Minnesota Multiphasic Personality Inventory, a comprehensive psychological test assessing personality traits and psychopathology.

WAIS-III

The third edition of the Wechsler Adult Intelligence Scale, a tool used to measure cognitive ability in adults.

Norms

Standards or expectations that are accepted by a group as guiding the behavior of its members.

Stanford-Binet

A cognitive ability and intelligence test that measures human intelligence across five factors.