When You Were 10 Years Old, Your Grandparents Put $500

question 187

Multiple Choice

When you were 10 years old, your grandparents put $500 into an account for you paying 7 percent interest. Now that you are 18 years old, your grandparents tell you that you can take the money out of the account. What is the balance to the nearest cent?

• A)$1,200.00
• B)$1,111.77
• C)$983.58
• D)$859.09

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Definitions:

Depression

A psychological condition marked by a consistent feeling of sadness or a lack of enthusiasm for tasks, which considerably disrupts everyday functioning.

Biological Contributors

Elements or factors of biological origin that contribute to a specific condition, trait, or outcome.

Cultural Contributors

Elements or factors within a culture that play a significant role in shaping behaviors, values, beliefs, and social norms.

Women of Color

Refers to women of non-white racial or ethnic backgrounds, emphasizing diversity and cultural experiences.