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

question 94

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

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Definitions:

Mental Demands

The cognitive and psychological efforts required by a job, including concentration, decision-making, memory, and problem-solving capabilities.

Ergonomic Challenge

Involves designing or arranging workplaces, products, and systems so that they fit the people who use them, often aiming to increase efficiency and reduce discomfort or injury.

Physical Strain

Stress or pressure applied to the body, often leading to fatigue or injury.

Information-Processing Requirements

The specific needs related to the collection, processing, and storage of data in an organization, influencing its informational systems design.