Justin Invests $4,000 in a Savings Account for Two Years

question 71

Multiple Choice

Justin invests $4,000 in a savings account for two years. The account pays 2% interest compounded annually. How much interest income will Justin earn on this investment?

• A) $81.60
• B) $160.00
• C) $80.00
• D) $161.60

---

Definitions:

Diagnosis

Determining the type of a disease or issue through analyzing the symptoms.

Surgery

A medical procedure involving an incision with instruments, primarily performed to repair damage, remove diseased tissues, or improve bodily function.

Insurance Information

Data and details related to insurance policies and coverage, including terms, conditions, benefits, and premiums.

Education Level

A measure of the highest level of formal schooling or training a person has completed.