If You Have a Choice to Earn Simple Interest on $10,000

question 39

Multiple Choice

If you have a choice to earn simple interest on $10,000 for three years at 8% or compound interest at 7.5% for three years which one will pay more and by how much?

• A) Simple interest by $1,500.
• B) Compound interest by $22.97.
• C) Compound interest by $150.75.
• D) Simple interest by $150.00.

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Definitions:

Autism Spectrum Disorder

A variety of conditions related to brain development that lead to difficulties in communication, social skills, and repeated patterns of behavior.

Repeats Words

The repetition of words or phrases, a behavior that can indicate various cognitive, linguistic, or developmental disorders.

Case Management

A collaborative process that assesses, plans, implements, coordinates, monitors, and evaluates the options and services required to meet an individual's health and human service needs.

Severe

Describes something very intense, serious, or of a high degree, often referring to symptoms, conditions, or situations.