Use estimation to select the best response. If you deposit $200 in a bank account for two years, the amount of interest is likely to be $__________.
A) $\$ 12.00$
B) $\$ 62.00$
C) $\$ 200.00$
D) $\$ 0.01$
E) $\$ 112.00$

Question

Quizplus · Accepted Answer

Interest on a bank deposit is typically a small percentage of the total deposit per year. $12 over two years suggests a modest interest rate, which is realistic for a savings account, unlike the other options which are too high, too low, or equal to the initial deposit.

Use Estimation to Select the Best Response $12.00\$ 12.00$12.00 B) $62.00\$ 62.00$62.00

Use Estimation to Select the Best Response $\$ 12.00$ B) $\$ 62.00$