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If You Had $3,000 in a Savings Account That Paid

question 18

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If you had $3,000 in a savings account that paid 5% interest compounded annually, how much would you have in your account after five years?


Definitions:

Thrust Fault

A type of reverse fault where the fault plane angle is low, causing older rock layers to move over younger ones.

Anticline

A type of fold in sedimentary layers that resembles an arch, with the oldest layers at the core of the fold.

Syncline

A fold in rock layers where the youngest layers are closer to the center of the structure, typically appearing as a trough.

Monocline

A geological fold in which all layers are inclined in the same direction.

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