Answer:
maximum interest rate = 3%
so correct option is A) 3%
Explanation:
given data
investment = $6000
receive = $6180
borrow = $6000
to find out
maximum interest rate bank needs to offer on the loan
solution
we consider here maximum interest rate bank needs to offer is = r
so value of investment will be express here as
value of investment = amount to be borrowed × ( 1 + r ) ................1
put here value we get rate r
6180 = 6000 × ( 1 + r )
solve it we get
rate = 0.03
maximum interest rate = 3%
so correct option is A) 3%
<span>..(B).. Exponential..</span>
Answer:
Employee Selection
Explanation:
Employee Selection -
It refers to the process of selecting the best candidate for the company or organisation , is referred to as employee selection .
The first of all requirement in most of the selection process is the educational qualification , which need to be fulfilled and then proceeded to further steps .
There could be various steps involved for the selection process , like test , interview , group discussion etc.
The people excelling in all the steps are selected to work for the company .
Hence , from the given information of the question ,
The correct term is employee selection .
