If you invest $100 and receive a 12% APR (annual percentage rate),what will your balance be at the end of the year?
A)$121.12
B)$121.00
C)$112.00
D)$100.12

Name: If you invest $100 and receive a 12% APR (annual percentage rate),what will your balance be at the end of the year? A)$121.12 B)$121.00 C)$112.00 D)$100.12
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Question

Quizplus · Accepted Answer

The balance at the end of the year would be $112.00 because a 12% APR on a $100 investment results in $12 of interest ($100 * 12% = $12), making the total $112.

If You Invest $100 and Receive a 12% APR (Annual