Sumi Kato's Savings Account Has a Balance of $3950

question 300

Multiple Choice

Sumi Kato's savings account has a balance of $3950. After 13 years, what will the amount of interest be at 5.5% compounded annually?

• A) $5135.00
• B) $3961.81
• C) $3972.81
• D) $3978.81

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Definitions:

Histogram

A graphical representation of the distribution of numerical data, usually showing the frequency of data intervals.

Estimated Lifetimes

Predictions or calculations regarding the duration or length of time something is expected to last.

Histogram

A graphical representation of the distribution of numerical data, typically shown as bars indicating the frequency of different intervals of values.

Skewed Right

A distribution shape where the tail is longer on the right side, indicating that the majority of the data points are located to the left.