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:

Gross Profit Margin

A financial metric that represents the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of production.

Cost Of Goods Sold

Expenses directly associated with the creation of a company's sold products, including both materials and workforce costs.

Sales

Sales represent the total revenue earned from goods or services sold by a company during a certain period.

Gross Profit Margin

A financial ratio that indicates the percentage of revenue that exceeds the cost of goods sold, highlighting the efficiency in producing and selling products.