Robert Put $15,000 into an Account with a Fixed Interest

question 248

Multiple Choice

Robert put $15,000 into an account with a fixed interest rate two years ago and now the account balance is $16,695.38. What rate of interest did Robert earn?

• A)4.5 percent
• B)5.5 percent
• C)6.5 percent
• D)8.0 percent

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Definitions:

TH-binding Proteins

Proteins that bind to thyroid hormones, helping in their transport and regulation in the body.

Thyroid Hormones

Hormones produced by the thyroid gland, including thyroxine and triiodothyronine, vital for regulating metabolism, energy, and growth and development.

Nuclear Receptor

A type of protein within cells that binds to specific molecules and influences the expression of genes, critical for various biological processes.

Messenger RNA

A type of RNA that carries genetic information from DNA to the protein-making sites in cells, guiding the synthesis of proteins.