Calculate the Amount of Interest If $700

question 45

Multiple Choice

Calculate the amount of interest if $700.00 is invested at 5.5% for two years and nine months.

• A) $111.65
• B) $105.88
• C) $10 587.50
• D) $1058.75
• E) $158.65

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Definitions:

Charisma

Charisma means possessing a compelling attractiveness or charm that can inspire devotion in others, often seen in leaders.

Past Performance

A historical record of an individual's or organization's achievements, used as an indicator of future success.

Charismatic Chief Executives

Leaders at the highest level of an organization who possess a magnetic personality and the ability to inspire and motivate others through their vision and personal appeal.

Positive Outcomes

Favorable results or effects that stem from specific actions or activities.