Consider a $2,000 Deposit Earning 6 Percent Interest Per Year

question 36

Multiple Choice

Consider a $2,000 deposit earning 6 percent interest per year for five years. How much total interest is earned on the original deposit (excluding interest earned on interest) ?

• A) $60.00
• B) $76.45
• C) $600.00
• D) $676.45

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Definitions:

Public Service

A service provided by the government to its citizens, either directly or through financing private entities, to meet a public need.

Recurrent Themes

Ideas or motifs that appear repeatedly within a specific context, such as a literary work, discussion, or area of study.

Privatization

The transfer of ownership and management of services or assets from the public sector to private individuals or organizations.

Democratic Principles

Foundational ideas that support fairness, equality, and the participation of citizens in government decisions or policies.