How Much Would $100, Growing at 5% Per Year, Be

question 88

Multiple Choice

How much would $100, growing at 5% per year, be worth after 75 years?

• A) $3,689.11
• B) $3,883.27
• C) $4,077.43
• D) $4,281.30
• E) $4,495.37

---

Definitions:

Solid-State Switches

Electronic switching devices that control the flow of electricity without moving parts, using semiconductor materials instead.

Moving Parts

Components within a system or machine that move relative to each other to perform a function or task.

Join Wires

The process of connecting two or more electrical wires together to ensure a continuous flow of electricity.

Electrical Resistance

A measure of the opposition to the flow of electric current through a conductor, resulting in electrical energy being converted into heat.