What Rate of Interest Did You Receive Over a Period

question 60

Multiple Choice

What rate of interest did you receive over a period of 90 days if your principal was $5000 and it has a maturity value of $6000?

• A) 81.11%
• B) 8.11%
• C) 0.811%
• D) 0.0811%
• E) 811.11%

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Definitions:

Informal Way

A manner of communication or behavior that is casual, relaxed, and not bound by formal rules or standards.

Behavioral Question

A query used in interviews that asks candidates to describe past behavior as an indicator of their future performance in similar situations.

Leadership

The art of motivating a group of people towards achieving a common goal.

Decisive Thinking

The ability to make quick, effective decisions with firmness.