$200 Invested in a Savings Account Paying an Annual Interest

question 176

Multiple Choice

$200 invested in a savings account paying an annual interest rate of 5 percent will be worth how much at the end of five years,assuming all interest earned remains in the account?

• A) $1,250.
• B) $250.
• C) $267.25.
• D) $255.26.

---

Definitions:

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior.

Abraham Maslow

A pioneering psychologist best known for creating Maslow's hierarchy of needs, a theory in human psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Fulfil Potential

The process of realizing or achieving one's maximum capabilities or possibilities in any given area or field.

Drive to Grow

An intrinsic motivation or internal force that propels individuals towards personal development and fulfillment.