If You Put $700 in a Savings Account at an Interest

question 40

Multiple Choice

If you put $700 in a savings account at an interest rate of 3 percent,how much money will you have in one year?

• A) $370
• B) $679.61
• C) $703.00
• D) $721

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Definitions:

Nontrading Partnership

A type of partnership that engages in activities other than the buying and selling of goods, often focusing on services or other ventures.

Cash Flow Problems

Financial issues that occur when a business does not have enough cash to meet its short-term liabilities and operating expenses.

Management Powers

Refers to the authority vested in managers or executives to make decisions, enforce policies, and oversee the operations and administrative functions of an organization.

Apparent Authority

A form of authority that an agent appears to have based on the principal's actions, leading third parties to reasonably believe the agent has the authority to act.