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

question 123

Multiple Choice

Solve the problem.
-Find the amount of interest earned on the following deposit: $1,000 at 10% compounded annually for 8 years

• A) $1357.95
• B) $948.72
• C) $1143.59
• D) $2143.59

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Definitions:

Data Analytics

The process of examining data sets to draw conclusions about the information they contain, often with the aid of specialized systems and software.

Artificial Intelligence

The simulation of human intelligence processes by machines, especially computer systems, including learning, reasoning, and self-correction.

Data Visualization

The graphical representation of data to help communicate its insights effectively, using visual elements like charts, graphs, and maps.

Enterprise Software

Large-scale software solutions designed to support the complex operations of large organizations, including CRM, ERP, and SCM systems.