Farou Invests $2,000 at 8% Interest

question 110

Multiple Choice

Farou invests $2,000 at 8% interest.About how long will it take for Farou to double his investment ?

• A)4 years
• B)5 years
• C)8 years
• D)9 years

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Definitions:

Merit Pay Systems

Compensation strategies where employees' base pay increases are contingent upon their performance, often measured through performance appraisals.

Base Compensation

The initial salary or wage that an employee receives from an employer, not including bonuses, benefits, or any additional compensation.

Desirable Place

An area or location that is preferred by people for living, working, or recreation due to its favorable qualities and attributes.

Performance Measures

Quantifiable indicators used to assess how well an individual, group, or entity meets certain standards or achieves objectives over time.