Solve the Problem. -Find the Amount of Interest Earned on the Following Deposit

question 396

Multiple Choice

Solve the problem.
-Find the amount of interest earned on the following deposit: $1,000 at 12% compounded annually for 7 years

• A) $1475.96
• B) $973.82
• C) $1210.68
• D) $2210.68

---

Definitions:

Boolean Search Modifiers

Specific operators (such as AND, OR, NOT) used in search queries to refine and narrow down search results.

Associated Fees

Associated Fees refer to costs or charges related to a service, transaction, or legal process that are in addition to the primary fee or charge.

Federal Offices and Agencies

Governmental entities at the national level responsible for implementing and enforcing laws.

Federal Salaries

Compensation paid to employees of the federal government, which is determined by law or regulation.