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:

Strategies

Plans of action designed to achieve a particular goal or solve specific problems.

Stay Healthy

The practice of engaging in behaviors that promote physical and mental well-being, such as regular exercise, balanced nutrition, and stress management.

Anorexia Nervosa

is an eating disorder characterized by an abnormally low body weight, intense fear of gaining weight, and a distorted perception of body weight or shape.

Bulimia Nervosa

An eating disorder marked by binge eating followed by methods to avoid weight gain such as vomiting, fasting, or excessive exercise.