Faisal Has $12,000 in His Savings Account and Can Save

question 42

Multiple Choice

Faisal has $12,000 in his savings account and can save an additional $3600 per year. If interest rates are 12%, how long will it take his savings to grow to $47,000?

• A) 4.3 years
• B) 6.3 years
• C) 5.3 years
• D) 7.3 years

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Definitions:

Business Communication Analysis

the examination of communication strategies and practices within and between businesses.

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The shared values, beliefs, and practices that define the behavior and decision-making of a company or organization.

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