If You Place $10,000 in a Savings Account That Pays

question 71

Multiple Choice

If you place $10,000 in a savings account that pays 3 percent interest per year and you leave all the money, principal plus interest earned, in the account for three years, approximately how much money will you have at the end of the three years?

• A)$10,090
• B)$11,120
• C)$10,927
• D)$9,152
• E)$10,124

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Definitions:

NSA

The National Security Agency, an organization responsible for global monitoring, collection, and processing of information and data for foreign and domestic intelligence and counterintelligence purposes.

National Debt

The total amount of money that a country's government has borrowed and not yet repaid, including both internal and external debts.

Bailout Package

Financial support provided, typically by a government, to prevent the bankruptcy of a failing business, industry, or financial system.

Treasury Department

A sector of government responsible for managing government revenue, producing currency, and implementing fiscal policy.