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:

Deafness

A condition marked by the partial or complete inability to hear.

Prosopagnosia

A neurological condition characterized by the inability to recognize familiar faces, also known as face blindness.

Somatosensory Deficit

A condition marked by an impaired ability to process sensory information from the body, including touch, temperature, pain, and body position.

Somatosensory Cortex

A region of the brain's cerebral cortex involved in processing sensory information from the body, including touch, temperature, and pain.