If You Invest $100 at 12% APR for Three Years

question 21

Multiple Choice

If you invest $100 at 12% APR for three years, how much would you have at the end of 3 years using simple interest?

• A) $136
• B) $140.49
• C) $240.18
• D) None of the above

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Definitions:

Interviewing Techniques

Methods and strategies employed in conducting interviews to gather information, assess qualifications, or understand personality traits.

Imagery

The use of descriptive language to create visual representations of scenarios in the mind's eye, enhancing memory and understanding.

Elaboration

The process of adding more detail, explanation, or information.

Short-term Memory

A cognitive system with a limited capacity that is capable of temporarily holding information available for processing.