Find the Compound Interest Earned by the Deposit

question 183

Multiple Choice

Find the compound interest earned by the deposit. Round to the nearest cent.
-$2000 at 1% compounded semiannually for 8 years

• A)$165.71
• B)$160.00
• C)$166.14
• D)$81.41

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Definitions:

Chronic Asthma

A long-term inflammatory disease of the airways of the lungs, characterized by recurrent breathing difficulties, wheezing, and coughing.

Venous Stasis

A condition of slow blood flow in the veins, usually in the legs, which can lead to blood clots and swelling.

Pulmonary Emboli

Obstructions in the pulmonary artery or its branches caused by blood clots that travel to the lungs, potentially leading to life-threatening conditions.

Hand Washing

The act of cleaning hands with water and soap or hand sanitizer to remove germs, bacteria, and viruses to prevent illness.