If You Put $10 in a Savings Account at the Beginning

question 8

Multiple Choice

If you put $10 in a savings account at the beginning of each year for 11 years,how much money will be in the account at the end of the 11th year? Assume that the account earns 11%,and round to the nearest $100.

• A)$220
• B)$200
• C)$190
• D)$180

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Definitions:

Status Hierarchies

The arrangement of individuals or groups in a social, economic, or professional hierarchy based on prestige, importance, or authority.

External Source

Information or input that comes from outside an individual or system.

Status Hierarchies

The ranking or ordering of individuals or groups based on prestige, authority, or social standing within a society or organization.

Harsh

Characterized by sternness or severity, particularly in behavior, conditions, climate, sound, or texture.