Question 9 • POP Financial Math 26/27
Use simple interest: the interest earned is $6,952 × 0.0372 × 16 = $4,137.83. Add that to the original deposit: $6,952 + $4,137.83 = $11,089.83, which rounds to $11,090. So Olivia has $11,090 in total, choice c.
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