Robert Put $15,000 into an Account with a Fixed Interest

question 85

Multiple Choice

Robert put $15,000 into an account with a fixed interest rate two years ago and now the account balance is $16,917.66.What rate of interest did Robert earn?

• A)4.5 percent
• B)5.4 percent
• C)6.2 percent
• D)8.0 percent

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Definitions:

Societal Inequalities

The unequal distribution of resources, rights, and opportunities among different social groups within a society.

Power Distance

A cultural dimension that describes the extent to which less powerful members of organizations and institutions accept and expect power to be distributed unequally.

Individualism/Collectivism

A cultural dimension reflecting the degree to which societies emphasize individual achievement and autonomy versus collective well-being and interdependence.

Western Fast-food

Quick service restaurants originating from Western countries, offering rapid service and a menu of convenient, ready-to-eat food items, often high in calories and fat.