An Investor Puts $10,000 in an Account Earning 4 Percent

Multiple Choice

An investor puts $10,000 in an account earning 4 percent compounded interest. At the end of three years, the account will have a value of:

A) less than $11,000.
B) between $11,000 and $11,200.
C) between $11,200 and $11,400.
D) more than $11,400.