Stacey Deposits $5,000 into an Account That Pays 2 Percent

question 12

Multiple Choice

Stacey deposits $5,000 into an account that pays 2 percent interest, compounded annually.At the same time, Kurt deposits $5,000 into an account paying 3.5 percent interest, compounded annually.At the end of three years:

• A)Both Stacey and Kurt will have accounts of equal value.
• B)Kurt will have twice the money saved that Stacey does.
• C)Kurt will earn exactly twice the amount of interest that Stacey earns.
• D)Kurt will have a larger account value than Stacey will.
• E)Stacey will have more money saved than Kurt.

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Definitions:

Muscular

Having well-developed muscles, often as a result of physical exercise.

Cardiorespiratory Fitness

The ability of the heart, lungs, and vascular system to supply oxygen to working muscles during sustained physical activity.

Principle Of

A fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.

Health-Related Fitness

A state of physical well-being that includes muscular strength, endurance, flexibility, and a healthy body composition.