Andre De Quadros Bought a $2,000, 9-Month Certificate of Deposit

question 113

Multiple Choice

Andre De Quadros bought a $2,000, 9-month certificate of deposit (CD) that would earn 8.5% annual simple interest. What is the value of the CD when it matures? Round your answer to to the nearest cent. ​

• A) $2,042.50
• B) $2,085.00
• C) $2,170.00
• D) $2,113.33
• E) $2,127.50

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Definitions:

Job Done

Refers to the completion of a task or assignment, fulfilling or meeting its required objectives.

Leadership Grid

A model used to evaluate leadership styles based on concern for people versus concern for production, developed by Robert Blake and Jane Mouton.

Authority Compliance

A leadership style that emphasizes strict adherence to rules and focuses on task completion and operational efficiency.

Middle-of-the-road

A leadership or decision-making style that seeks to strike a balance between competing interests or priorities, often seeking compromise.