Tonya Put $250 into an Account Three Years Ago

question 106

Multiple Choice

Tonya put $250 into an account three years ago.The first year he earned 6 percent interest,the second year 7 percent,and the third year 8 percent.About how about much does Tonya have in her account now?

• A)$302.50
• B)$306.23
• C)$308.67
• D)$309.39

---

Definitions:

CCA Class

Capital Cost Allowance Class, a categorization in tax systems for depreciation of tangible property.

Tax Rate

The proportion of income or value of goods taxed by the government, applicable to individuals, corporations, and transactions.

Operating Cash Flow

The cash generated from the normal operating activities of a business, reflecting the amount of cash that a company can produce through its normal business operations.

Capital Cost Allowance

A tax deduction in many tax systems for businesses, allowing them to depreciate the cost of assets over time.