What Is the Future Value of $200 Invested for 10

question 19

Multiple Choice

What is the future value of $200 invested for 10 years at an annually compounded interest rate of 2% p.a.?

• A)$438.00
• B)$243.80
• C)$254.60
• D)$242.00

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Definitions:

Hardness

The measure of a material's resistance to deformation, penetration, or scratching, often used in the context of minerals.

Fractures

Breaks or cracks in rock due to physical stress exceeding the strength of the rock, which can occur without the movement of the rock on either side of the break.

Carbonate Mineral

is a type of mineral consisting primarily of carbonate ions in combination with metal ions, common in rocks like limestone and dolomite.

Effervesces

Describes the process of fizzing or bubbling, often due to a chemical reaction releasing gas.