Ellen Deposited $500 into an Account and Two Years Later

question 113

Multiple Choice

Ellen deposited $500 into an account and two years later she had $561.80 in the account.What interest rate was paid on Ellen's deposit?

• A)4.88 percent
• B)6.00 percent
• C)12.36 percent
• D)None of the above is correct.

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Definitions:

Sudden Death

Abrupt and unplanned ending of a relationship.

Bilateral Dissolution

Ending of a relationship by mutual agreement of both parties.

Incremental

Pertaining to gradual or step-by-step progression or increase, often used in the context of developments or changes.

Active Verbal

refers to the use of spoken words in a dynamic and engaging manner to communicate.