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Worldatwork C3E Exam - Topic 3 Question 10 Discussion

How much interest will you earn on 2,500 in three years, if the interest rate is 6%, and the interest is compounded annually?
B) 477.54
A) 309
C) 489.05
D) 977.54

Worldatwork C3E Exam - Topic 3 Question 10 Discussion

Actual exam question for Worldatwork's C3E exam
Question #: 10
Topic #: 3
[All C3E Questions]

How much interest will you earn on 2,500 in three years, if the interest rate is 6%, and the interest is compounded annually?

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Suggested Answer: B

by Luisa at May 07, 2022, 05:20 AM

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Berry
10 months ago
I thought it would be less than that, honestly.
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Rozella
10 months ago
Totally agree, C makes the most sense!
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Chantell
11 months ago
Wait, are we sure about that? Seems high for just 3 years.
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Roxane
11 months ago
I think it's definitely option C!
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Tarra
11 months ago
The formula for compound interest is A = P(1 + r/n)^(nt).
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Jame
11 months ago
I’m torn between options B and C. I think I calculated something close to 489.05 in my practice, but I’m not confident about the final step.
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Amira
11 months ago
Compounding annually means we apply the interest each year, right? I feel like I might confuse it with simple interest if I'm not careful.
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Domonique
11 months ago
I remember practicing a similar question where we had to calculate interest over multiple years. I think the answer might be around 477.54, but I need to double-check my calculations.
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Shawna
11 months ago
I think we need to use the compound interest formula, but I’m not entirely sure how to apply it correctly.
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Sonia
11 months ago
Hmm, I'm not sure about that last option. Assigning the LDAP directory to a Team as a resource before configuring the LDAP user registry doesn't sound right to me. I'll have to think that one through.
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Lyndia
12 months ago
Hmm, I'm a bit unsure about this one. I'm trying to decide between B and C. I'm leaning towards B since creating a new role inherited from es_analyst and making the dashboard the default view seems like a cleaner approach.
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France
12 months ago
Wait, is 'parallel' where they all do their own checks independently? I'm not 100% sure what distinguishes these models...
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Millie
12 months ago
I think the key here is to focus on the core concepts of the Policy Centralization pattern. Option B seems to capture the essential elements - a policy framework that supports both policy definition and runtime enforcement.
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