Kay Purchased Some Land Costing $124,600

question 114

Multiple Choice

Kay purchased some land costing $124,600. Today, that same land is valued at $179,400. How long has she owned this land if the price of land has been increasing at 6% per year?

• A) 5.95 years
• B) 6.26 years
• C) 6.33 years
• D) 6.50 years
• E) 6.57 years

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Definitions:

Keystone Species

A critical organism in an ecosystem that many other species depend upon, whose removal would lead to significant alterations in the ecosystem.

Self-Sustaining

Capable of maintaining and supporting itself without external assistance, often used in the context of ecosystems or communities.

Mutualistic Relationship

A type of symbiotic interaction where both organisms involved derive a benefit, enhancing their survival or reproductive success.

Lichens

Symbiotic partnerships between a fungus and an alga or a cyanobacterium, capable of surviving in harsh environmental conditions and playing a role in ecosystem nutrient cycles.