Refer to the scenario above. The interest earned on the sum deposited is:
A) 300.
B) 1,000.
C) 1,300.
D) 2,300.
Question 2
Which of the following is an example of specialization?
A) The output of workers in a chocolate factory doubled when a new manager was appointed.
B) The cost of production of a light bulb making factory decreased as its capacity increased.
C) Instead of a worker making an entire shoe, the total productivity increased when different workers were allotted different jobs in the production process.
D) Import of better technology and machinery from developed countries greatly increased the number of laser printers that a company was manufacturing.
How to calculate simple interest (Part 3)
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Compound interest