Stella Deposits $4500 in a Savings Account at a Bank

question 70

Multiple Choice

Stella deposits $4500 in a savings account at a bank that offers interest of 4.7% on such accounts. What is the value of the money in her savings account in one year's time?

• A) $4298
• B) $212
• C) $4712
• D) $6597

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Definitions:

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business.

Total Revenue

The complete amount of income generated by a business or entity from its activities, before any expenses are deducted.

Sole Proprietorships

A business owned and operated by one individual, without any legal distinction between the owner and the business.

Unincorporated Business Associations

Groups or partnerships operating a business without forming a legal corporation, thus not enjoying the benefits or protections of corporate status.