Solve the Problem

question 52

Multiple Choice

Solve the problem. Round to the nearest cent as needed.
-Samantha's savings account has a balance of $4643. After 25 years, what will the amount of interest be at 6% compounded annually?

• A) $15,289.16
• B) $15,275.16
• C) $15,284.16
• D) $2785.80

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Definitions:

Supreme Court

The supreme federal tribunal in the United States, having the final appellate authority over all federal and state judicial cases that concern matters of federal legislation.

Civil Liberties

The rights and freedoms that protect an individual from arbitrary government interference, such as freedom of speech and privacy.

Brandeis

Refers to Louis Brandeis, an American lawyer and Associate Justice on the Supreme Court of the United States from 1916 to 1939, known for his advocacy of privacy and his role in developing the modern concept of free speech.

Fundamentalism

A strict adherence to specific theological doctrines typically in a reaction against modernist theories, often characterized by a literal interpretation of religious texts.