Determine the Interest Rate Earned on a $500 Deposit When

question 54

Multiple Choice

Determine the interest rate earned on a $500 deposit when $650 is paid back in one year.

• A) 0.77 percent
• B) 1.30 percent
• C) 30.0 percent
• D) 77.0 percent

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Definitions:

Organizational Citizenship

A concept referring to individual behaviors that are beneficial to an organization and are discretionary, not directly or explicitly recognized by the formal reward system.

Community Events

Social, cultural, or educational events organized for enhancing the sense of community and engagement among people.

Customer Service

The support and advice provided by a company to those people who buy or use its products or services.

Congruency

The degree of alignment or agreement between two or more elements, such as organizational goals and employee behavior or values.