Scott Has $4,800 That He Wants to Invest for 3

question 49

Multiple Choice

Scott has $4,800 that he wants to invest for 3 years. He can invest this amount at his credit union and earn 4 percent simple interest. Or, he can open an account at Trust Bank and earn 3.65 percent interest, compounded annually. If he decides to invest at Trust Bank for 3 years, he will:

• A) earn $15.02 more than if he had invested with his credit union.
• B) earn $30.98 less than if he had invested with his credit union.
• C) earn the same amount as if he had invested with the credit union.
• D) have a total balance of $4,992 in his account after one year.
• E) have a total balance of $4,876 in his account after one year.

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Definitions:

Property Rights

Legal rights over the ownership, use, and benefit from property, including real estate, intellectual property, and personal property.

Worker Rights

Refers to the legal and moral entitlements attributed to individuals in their capacity as employees, including fair wages, safe working conditions, and freedom from discrimination.

Property Rights

Legal rights to possess, use, and dispose of assets including real estate, personal property, or intellectual property.

Workers' Rights

The entitlements and protections granted to workers by law, including fair pay, safe working conditions, and the right to unionize.