At a compound interest rate of 10% per year, the amount that $10,000 one year ago is equivalent to now is closest to:
(a) $8264
(b) $9091
(c) $11,000
(d ) $12,100
Amount now = 10,000 + 10,000(0.10)
= $11,000
(c) $11,000
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Examples of confined spaces include: