What Is the Future Value of $10,000 on Deposit for 2

question 82

Multiple Choice

What is the future value of $10,000 on deposit for 2 years at 6% simple interest?

• A) $10,600
• B) $11,236
• C) $11,200
• D) $13,382.26

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Definitions:

Taxes on Gasoline

Government-imposed charges on the sale of gasoline, typically used to fund transportation infrastructure and other public projects.

Tax Revenue

Government income generated from the imposition of taxes.

Own-price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its own price, often used to understand consumer sensitivity to price changes.

Quantity Demanded

The amount of a good or service that consumers are willing and able to purchase at a particular price.