Suppose Emily Yu Deposited $1,400 in an Account That Earned

question 122

Multiple Choice

Suppose Emily Yu deposited $1,400 in an account that earned simple interest at an annual rate of 10% and left it there for 3 years. At the end of the 3 years, Emily deposited the entire amount from that account into a new account that earned 10% compounded quarterly. She left the money in this account for 8 years. How much did she have after the 11 years? Round your answer to the nearest cent. ​

• A)$4,010.84
• B)$5,197.15
• C)$3,429.86
• D)$3,088.77
• E)$8,672.19

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Definitions:

Suffix

A morpheme added at the end of a word to form a derivative.

Acute

Refers to conditions or symptoms that are severe in degree but of short duration.

Triage

The process of determining the priority of patients' treatments based on the severity of their condition.

Chronic

Describing a health condition that is persistent or long-lasting in its effects.