If Vincent Puts $344 into His Saving Account, His Account

question 47

Multiple Choice

If Vincent puts $344 into his saving account, his account will have grown to $379.26 by the end of two years. What is the interest rate earned on Vincent's savings account?

• A) 3.5%
• B) 4.2%
• C) 5%
• D) 7%

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Definitions:

Solvent

A substance, usually a liquid, capable of dissolving other substances (solutes) to form a solution.

Melting Point

The point at which a solid transitions into a liquid under the conditions of atmospheric pressure.

Brønsted-Lowry

A theory in chemistry that defines acids as proton donors and bases as proton acceptors.

Functional Groups

Functional groups are specific groups of atoms within molecules that are responsible for the characteristic chemical reactions of those molecules.