Use the Table to Solve the Problem

question 49

Multiple Choice

Use the table to solve the problem. Round to the nearest cent.
-Nora Oretega's savings account has a balance of $390. After 8 years, what will the amount of interest be at 8% compounded semiannually?

• A)$1,941.00
• B)$312.00
• C)$1,955.00
• D)$1,950.00

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Definitions:

Initialize

The process of setting initial values to variables or starting conditions for an object or application.

Array

A data structure that stores a collection of elements, typically of the same data type, indexed by contiguous integers.

10 X 10

Often connotes a grid or matrix having 10 rows and 10 columns, commonly used in contexts like game design or data representation.

Multidimensional Array

An array that contains one or more arrays, allowing representation of data in a matrix or grid format.