How Much Interest Will Be Earned in the Next Year

question 106

Multiple Choice

How much interest will be earned in the next year on an investment paying 12% compounded annually if $100 was just credited to the account for interest?

• A) $88
• B) $100
• C) $112
• D) $200

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Definitions:

Brainstem

A crucial part of the central nervous system that connects the brain to the spinal cord and controls vital functions such as breathing and heart rate.

Cerebrum

The largest part of the brain responsible for voluntary activities, intelligence, memory, and emotional expression.

Cerebellum

A part of the brain located at the back of the skull, responsible for coordinating movement and balance.

Diencephalon

A division of the brain that includes structures such as the thalamus and hypothalamus, responsible for relaying sensory information and regulating autonomic functions.