A High School Student Deposits a $500 Graduation Gift in a Bank

question 65

Multiple Choice

A high school student deposits a $500 graduation gift in a bank account that pays 4.8% interest compounded continuously. How much will the account be worth after 18 months?

• A) $1123.95
• B) $1027.22
• C) $973.71
• D) $1162.71
• E) none of these

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Definitions:

Dismissing An Employee

The act of permanently removing an employee from their position of employment, often due to performance issues or misconduct.

Training Technique

Methods or procedures used to enhance the skills, knowledge, and competencies of individuals, aimed at improving their performance in specific tasks or roles.

Modelling

Demonstrates through personal behaviour the job performance expected of others.