What APR Is Being Earned on a Deposit of $5,000

question 20

Multiple Choice

What APR is being earned on a deposit of $5,000 made 10 years ago today if the deposit is worth $9,848.21 today? The deposit pays interest semiannually.

• A) 3.56%
• B) 6.76%
• C) 6.89%
• D) 7.12%

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Definitions:

Aggressive Behavior

Actions that are hostile, destructive, or violent towards others, often resulting from frustration or anger.

Environmental Factors

Influences stemming from one's surroundings that affect various aspects of development and well-being.

Sudden Death

An unexpected, rapid death caused by a sudden health event such as cardiac arrest.

Appropriate Statement

A comment or expression that is deemed suitable for the context or situation it is made in.