Your Accountant Tells You That If You Can Continue to Earn

question 208

Multiple Choice

Your accountant tells you that if you can continue to earn the current interest rate on your balance of $800 for the next two years you will have $898.88 in your account.If your accountant is correct,then what is the current interest rate?

• A)6 percent
• B)7 percent
• C)8 percent
• D)9 percent

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Definitions:

Wechsler Intelligence Scale for Children

A widely used intelligence test designed to measure cognitive ability in children between the ages of 6 and 16.

Stanford-Binet Intelligence Scales

A standardized test that assesses intelligence and cognitive abilities in children and adults.

Terman Intelligence Test/Education Edition

An edition of the Terman intelligence test designed for educational settings, providing measures of cognitive abilities for academic applications.

Naturalist Intelligence

One of Howard Gardner's multiple intelligences, it refers to the ability to identify, classify, and manipulate elements of the environment, plants, and animals.