Keri's Savings Account Pays Simple Interest at a Rate of 4.5

question 44

Short Answer

Keri's savings account pays simple interest at a rate of 4.5 percent. After nine months, the account had earned $202.50 in interest. Find the principal.

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Definitions:

Francis Crick

A British scientist known for co-discovering the structure of the DNA molecule with James Watson.

Crystallized Intelligence

The capability of applying knowledge and experiences that one has learned over time.

Triarchic Intelligence

A theory by Robert Sternberg that intelligence consists of analytical, creative, and practical aspects.

Fluid Intelligence

The ability to solve new problems, use logic in new situations, and identify patterns without relying on previously acquired knowledge.