If You Deposit $900 into an Account for Two Years

question 41

Multiple Choice

If you deposit $900 into an account for two years and the interest rate is 4%,how much do you have at the end of the two years?

• A)$972.00
• B)$973.44
• C)$974.19
• D)None of the above is correct.

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Definitions:

Qualitative Variables

Variables that are nonnumeric in nature and are defined using nominal or categorical data.

Latent

Hidden or dormant, often used to describe something that is not currently active or visible but has the potential to emerge or become active.

Quantitative

Quantitative refers to a type of information or data that is based on quantities or else quantifiable data, often used in statistical analysis to quantify behaviors, opinions, or other defined variables.

Standard Scores

Numeric value that indicates the distance an individual’s raw score is above or below the mean of the reference group in terms of standard deviation units.