Random variation results from an event such as a shift in a process mean or some unexpected occurrence

A balance sheet is a statement of the financial position of the firm on a given date, including its asset holdings, liabilities, and equity

Indicate whether the statement is true or false

Kayla deposits $1,500 into a NOW account that requires a minimum balance of $500 and offers an interest rate of 2.4%. How much interest will she earn in one year in the NOW account?

A) $360 B) $24 C) $12 D) $36