Find the Compound Interest Earned by the Deposit

question 229

Multiple Choice

Find the compound interest earned by the deposit. Round to the nearest cent.
-$7824 at 4% compounded continuously for 4 years

• A)$2122.03
• B)$3389.90
• C)$1357.55
• D)$9181.55

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Definitions:

Monozygotic Twins

Identical twins resulting from the division of a single fertilized egg, sharing the same genetic material.

Dizygotic Twins

Also known as fraternal twins, are siblings born at the same time but from two different eggs fertilized by separate sperm cells.

Reunited

The process of bringing together or coming together again after being separated.

Sex-linked

Genetic traits that are associated with genes located on sex chromosomes, often resulting in differences between males and females.