The Sum of $3,000 Is Deposited into an Account Paying

question 10

Multiple Choice

The sum of $3,000 is deposited into an account paying 10% annually.If $1,206 is withdrawn at the end of years 1 and 2,how much then remains in the account?"

• A) $1,326.97
• B) $1,206.34
• C) $1,097.40
• D) $587.32

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Definitions:

Followership

The behaviors and actions of individuals who follow or support a leader, contributing to the achievement of the group’s objectives.

Conformist

An individual who follows the customs, rules, or styles of a group, opting to fit in rather than stand out.

Exemplary

Serving as a desirable model; representing the best of its kind.

Ethnic Women

Women who are identified by their cultural, racial, or ethnic background, emphasizing the diversity and varying experiences within socio-cultural contexts.