?If the interest accumulated on a principal amount of $5,000 at the end of a year is $400, the annual rate of interest must be

A. ?4%.
B. ?6%.
C. ?8%.
D. 20%.


Answer: C

Business

You might also like to view...

What is offset and why is it important in global marketing? How can it be distinguished from counterpurchase?

What will be an ideal response?

Business

What is the primary danger of implementing “stretch goals”?

a. Employees may behave unethically to reach them. b. Employees may become demoralized while trying to reach them. c. They can encourage complacency because they are too easy to reach. d. They take the place of incremental goals.

Business

Under which method is it assumed that old stock is sold first and that new stock remains on the shelves?

a. FIFO b. retail method of accounting c. LIFO d. cost method of accounting

Business

Many multinational organizations as well as nationally and locally based ones are actively involved in ______.

a. community initiatives such as a mentorship programs for disadvantaged students b. selection of local community leaders c. developing marketing plans for local businesses d. profit sharing in public-private partnerships pursuing sustainable projects

Business