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.

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Definitions:

Democracy

A governance structure where the entire population or all qualified members of a state participate, usually via elected officials.

Democratic Institutions

Organizations or systems that operate on the principles of democracy, including fair and free elections, representation, and the protection of rights and freedoms.

Three Waves

The term "Three Waves" refers to the three major waves of democratization that have occurred since the late 19th century, each representing periods of significant increase in democratic governments worldwide.

Modern Societies

Societies characterized by advanced industrial development, urbanization, and the use of technology in everyday life, along with complex social, economic, and political structures.