If You Invest $100 at 12% APR for Three Years

question 21

Multiple Choice

If you invest $100 at 12% APR for three years, how much would you have at the end of 3 years using simple interest?

• A) $136
• B) $140.49
• C) $240.18
• D) None of the above

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Definitions:

Endocrine Glands

Endocrine glands are ductless glands in the body that secrete hormones directly into the blood circulation, affecting the function of distant target organs.

Frequency-Modulated

Pertains to a method of encoding information using the frequency variation of a carrier wave.

Conjugation

A form of genetic transfer between bacteria involving direct, physical contact and the transfer of DNA.

Lipid-Soluble Hormones

Hormones that can easily pass through cell membranes because they are soluble in lipids, allowing them to directly interact with cells’ internal mechanisms.