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:

Visual-Spatial Functions

Cognitive processes involved in the interpretation, manipulation, and utilization of visual information to understand spatial relationships.

Intellectual Growth

The development and enhancement of mental faculties and capabilities such as reasoning, understanding, and problem-solving.

Cognitive Development

Refers to the progressive and ongoing growth of perception, memory, imagination, and other mental functions as a person ages.

Pragmatics

The practical aspects of communication, such as adaptation of language to fit the social situation.