Hector Puts $150 into an Account When the Interest Rate

question 107

Multiple Choice

Hector puts $150 into an account when the interest rate is 4 percent.Later he checks his balance and finds he has about $168.73.How long did Hector wait to check his balance?

• A)3 years
• B)3.5 years
• C)4 years
• D)4.5 years

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Definitions:

Visible Wavelengths

The range of electromagnetic radiation wavelengths that are visible to the human eye, approximately between 380 and 740 nanometers.

Sensation

The initial process of detecting and encoding environmental energy (e.g., light, sound) through the sensory organs.

Blue

A color, part of the visual spectrum, that is perceived when light has a dominant wavelength of roughly 450 to 495 nanometers.

Green

Often associated with the color representing nature, growth, renewal, and environmental sustainability.