Determine the Interest Rate Earned on a $450 Deposit When

question 90

Multiple Choice

Determine the interest rate earned on a $450 deposit when $475 is paid back in one year.

• A) 0.89 percent
• B) 1.13 percent
• C) 5.56 percent
• D) 13.0 percent

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Definitions:

Early 1970s

A period marked by significant cultural, political, and social change around the world, roughly between 1970 and 1974.

Criticisms

Critical evaluations or analyses aimed at identifying faults or areas of improvement.

Social Stratification

The hierarchical arrangement and classification of individuals and groups in any given society, often based on wealth, race, education, and power.

Blau

Likely refers to Peter M. Blau, a sociologist known for his work on social structure and interpersonal dynamics.