If You Deposit $900 into an Account for Two Years

question 41

Multiple Choice

If you deposit $900 into an account for two years and the interest rate is 4%,how much do you have at the end of the two years?

• A)$972.00
• B)$973.44
• C)$974.19
• D)None of the above is correct.

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Definitions:

Workmanship

The degree of skill with which a product is made or a job is done, reflecting quality and attention to detail.

Breakeven Point

The point at which total costs and total revenues are equal, resulting in no net loss or gain for the business.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production.

Fixed Costs

Expenses that do not vary with the level of production or business activity within a certain range.