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You Deposit $3,000 into an N-Year Certificate of Deposit That

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You deposit $3,000 into an N-year certificate of deposit that pays 4.5 percent annual interest, and at the end of the N years you have $3,738.54. What is the number of years, N?


Definitions:

Monosomy

A form of aneuploidy with the presence of only one chromosome from a pair in an organism's cells.

Karyotype

Chromosomes arranged by pairs according to their size, shape, and general appearance in mitotic metaphase.

Homologous Chromosomes

Pairs of chromosomes in a diploid organism that are similar in shape, size, and gene content, one inherited from each parent.

Autosomes

Chromosomes that are not sex chromosomes; they come in pairs of matching chromosomes and contain the bulk of an organism’s genetic material.

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