If $40000 Is Put in a Savings Account Paying Interest

question 32

Multiple Choice

If $40000 is put in a savings account paying interest of 4% compounded annually what amount will be in the account at the end of 5 years?

• A) $32878
• B) $48000
• C) $48620
• D) $48666

---

Definitions:

Competent Individuals

People who possess the required skills, knowledge, and ability to perform a specific task or job successfully.

Closed Group

A restricted group where membership is fixed from the beginning to the end of a group's lifespan, not allowing new members to join midway.

Efforts Rejected

The experience of having one's endeavors or contributions dismissed or not acknowledged by others.

Intranet Site

A private network accessible only to an organization's staff, often used to store, share, and manage internal information.