Find the Compound Interest Earned

question 28

Multiple Choice

Find the compound interest earned. Round to the nearest cent.
-$14,000 at 5% compounded annually for 3 years

• A) $2100.00
• B) $1435.00
• C) $701.50
• D) $2206.75

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Definitions:

Cross-Functional Training

A training approach that provides employees with the opportunity to learn skills and functions different from their original role, enhancing versatility and understanding within an organization.

Essential Skills

Fundamental abilities necessary for work, learning, and life, such as literacy, numeracy, and critical thinking.

Productivity

The efficiency of production of goods or services, measured by the output per unit of input.

Racial Harassment

Unwanted conduct related to a person's race or ethnicity that violates their dignity or creates an intimidating, hostile, degrading, humiliating, or offensive environment.