For a Fixed Rate and Principal, the Interest Earned in a Bank

question 12

Multiple Choice

For a fixed rate and principal, the interest earned in a bank account paying simple interest varies directly with the length of time the principal is left on deposit. If an investment of $7,000 earns $700 in 2 years, how much will it earn in 8 years?

• A) $2,700
• B) $2,850
• C) $2,750
• D) $2,900
• E) $2,800

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Definitions:

Acute Grief

This refers to the intense, initial phase of grief experienced shortly after a loss, characterized by profound sadness, longing, and possibly shock or disbelief.

Clinical Depression

A mental disorder identified by ongoing feelings of sadness or a disinterest in activities, leading to considerable disruption in daily activities.

Emotional Nurturance

The act of supporting and fostering a person’s emotional development and well-being.

Interpersonal Disappointments

Feelings of sadness or displeasure caused by the belief that one's personal relationships are not meeting the expected standards or needs.