If You Invest $1600 for a Year at 6

question 14

Multiple Choice

If you invest $1600 for a year at 6.8% per annum simple interest,how much interest will you earn?

• A) $10.80
• B) $108.00
• C) $1088.00
• D) $1708.80

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Definitions:

Dental Care Insurance

A type of insurance coverage that pays for part or all of the costs associated with dental health, including preventive care, treatments, and surgeries.

Silver Handshakes

Severance packages offered to encourage older or long-term employees to voluntarily resign, typically as a cost-saving measure for the company.

Women

Refers to adult human females, often discussed in contexts involving gender equality, rights, and social issues.

Younger Age

Pertains to individuals who fall into a lower age bracket, often considered in contexts like employment where age can impact opportunities or perceptions.