If Erika Lee Invests $5,000 in a Certificate of Deposit

question 1

Multiple Choice

If Erika Lee invests $5,000 in a certificate of deposit that pays 5%, compounded annually, what amount will she have in 10 years?

• A) $8,954
• B) $8,144
• C) $12,969
• D) $7,401

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Definitions:

Soda Pop

A sweetened, carbonated beverage, often flavored and containing caffeine, colours, and preservatives.

Mixture

A combination of two or more substances that are not chemically bonded and can be separated by physical means.

States of Matter

The distinct forms that different phases of matter take on, including traditionally solid, liquid, and gas, as well as plasma and Bose-Einstein condensates under specific conditions.

Physical Material

Substances or components that have mass and occupy space; can be observed and measured physically.