An Investment of $12 000

question 108

Essay

An investment of $12 000.00 earns an interest of $480.00. Calculate the time in months if the interest rate is 6%.

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Definitions:

Alertness

A state of active attention by which one is keen to perceive and respond to changes or stimuli in the environment.

Memory

The capability through which the brain retains and recalls data.

Authoritative

A leadership style characterized by high expectations and support, balancing firm direction with responsiveness to needs.

High Standards

Expectations or requirements that are significantly above average, often challenging to meet or maintain.