An Investment Earns 10% the First Year,15% the Second Year

question 50

Multiple Choice

An investment earns 10% the first year,15% the second year and loses 12% the third year.Your total compound return over the three years was ______.

• A) 41.68%
• B) 11.32%
• C) 3.64%
• D) 13.00%

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Definitions:

Hierarchical Society

A society that is structured in a hierarchy of ranks with those at the top having more power and privileges than those lower down.

Wealthiest Elite

A small group of people with significant wealth and power within a society, often exuding considerable influence in economic, political, or social realms.

Rice

A staple food grain consumed worldwide, known for its versatility in various cuisines and as a major agricultural product in many countries.

Quakerism

A religious movement formally known as the Religious Society of Friends, which emphasizes direct personal experience of God within one's soul.