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:

Canada

A country located in the northern part of North America, known for its vast landscapes, multicultural diversity, and as the second-largest country by land area in the world.

Deaths

The termination of all biological functions that sustain a living organism.

Centers For Disease Control

A national public health institute in the United States that conducts and supports health promotion, prevention, and preparedness activities.

Mortality Data

Information related to death rates within a population, often used in public health to assess and monitor health outcomes and diseases.