Calculate the Amount of Interest You'll Have at the End

question 68

Multiple Choice

Calculate the amount of interest you'll have at the end of the indicated period.
-You invest $33,200 in an account that pays simple interest of 3% for 1 year(s) .

• A)$99,600.00
• B)$99.60
• C)$11,066.67
• D)$996.00

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Definitions:

Cost Of Goods Sold

Direct expenses incurred in the production of a company's goods, including the costs of labor and materials.

Inventory Turnover

A measure of how many times a company's inventory is sold and replaced over a period.

Dividends

Funds disbursed by a company to its stockholders, typically as a share of earnings.

Market Price

The present cost at which a service or asset is available for purchase or sale in the marketplace.