Find the Simple Interest on a $2,000 Investment Made for 5

question 82

Multiple Choice

Find the simple interest on a $2,000 investment made for 5 years at an interest rate of 5% per year. What is the future value ?

• A)The simple interest is $500, the future value is $2,500.
• B) The simple interest is $480, the future value is $2,500.
• C) The simple interest is $530, the future value is $2,480.
• D) The simple interest is $480, the future value is $2,480.
• E) The simple interest is $490, the future value is $2,490.

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Definitions:

Atmosphere Circulation

The large-scale movement of air through the Earth's atmosphere, distributing heat and moisture around the planet and influencing climate and weather patterns.

Dust Storms

Severe weather conditions marked by strong winds lifting vast quantities of dust and sand into the atmosphere.

Coriolis Effect

The apparent deflection of moving objects (such as airplanes, wind, and ocean currents) to the right in the northern hemisphere and to the left in the southern hemisphere, resulting from the Earth's rotation.

Northern Hemisphere

The half of Earth that lies north of the equator, containing the majority of the planet's landmasses.