A Principal of $2500 Is Invested at 2% Interest

question 37

Multiple Choice

A principal of $2500 is invested at 2% interest.Find the amount after 20 years if the interest is compounded quarterly. ​

• A)$3724.85
• B)$3727.85
• C)$3723.85
• D)$3726.85
• E)$3725.85

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Definitions:

Middle Childhood

A developmental stage that typically covers the period from around age 6 to puberty, marked by significant growth in social, cognitive, and physical areas.

Assignment of Chores

The distribution of tasks within a household or group, often based on age, ability, or availability.

Negative Psychological Effects

Adverse impacts on an individual's mental health, such as depression, anxiety, or stress, resulting from various causes or experiences.

Physical Abuse

Intentional use of physical force to cause harm or injury to another person.