If a 6 Month Term Deposit at a Bank Pays

question 6

Multiple Choice

If a 6 month term deposit at a bank pays a simple interest of 3%, how much will have to be deposited to earn $18 000?

• A) $600 000
• B) $120 000
• C) $1 200 000
• D) $270
• E) $540

Recognize the importance of product differentiation in transforming market competition types.

Understand the psychological aspects of pricing, including reference pricing and its influence on consumer perception.

Understand the principles and requirements of implementing a pay for performance system.

Describe how base pay is set in merit pay plans.

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Definitions:

Initialized

Refers to the process of assigning an initial value to a variable at the time of its declaration.

Properly Declared

Refers to variables or objects in programming that have been correctly initialized or defined according to the language's syntax rules.

Console.nextInt()

A method in Java that reads the next integer from the console input provided by the user.

EOF-controlled

EOF-controlled loops continue to execute until the End of File (EOF) is reached, typically used in file reading operations to process each element until the file ends.