If $12,000 Is Invested for One Year at an Annual

question 105

Multiple Choice

If $12,000 is invested for one year at an annual interest rate of 12%, it will grow in value to:

• A)$13,440.
• B)$14,400.
• C)$440.
• D)$400.

---

Definitions:

Sheriff's Office

A local law enforcement agency typically responsible for enforcing the law in a county, including managing the county jail and serving legal documents.

Executions

The act of carrying out or putting into effect a plan, order, or law.

Mortgaged

Pertaining to a property for which a mortgage has been taken out, implying the property is collateral for a loan.

Sub-Search

A detailed search or investigation, often supplementary or subordinate to an initial search, to gather additional information or evidence.