Find the Interest That Will Result If $10,500 Is Invested

question 94

Multiple Choice

Find the interest that will result if $10,500 is invested at an annual rate of 9%, compounded continuously, for 12 years. Round your answer to the nearest cent. ​

• A) $20,419.14
• B) $30,919.14
• C) $41,419.14
• D) $30,002.97
• E) $38,618.34

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Definitions:

Psychologist

A professional trained in the science of how people think, feel, behave, and interact with others, often providing therapy and counseling services.

Emotionally Disturbed

A classification that refers to individuals displaying extreme behavioral or emotional responses not typical for their age, impacting their social and educational functioning.

Case Studies

Case studies are in-depth investigations of a single person, group, event, or community, often used in psychology to explore complex issues in real-life contexts.

Predispositions

Natural inclinations or tendencies to behave in a certain way, often determined by genetic, environmental, or psychological factors.