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:

Instruction

A command that causes a programmable logic controller to perform one specific operation. The user enters a combination of instructions into the programmable logic controller’s memory to form a unique application program.

FAL Copy

A function used in some software, particularly in industrial applications, for copying blocks of data from one area to another.

File To File

Data or information transfer directly from one digital file to another without intermediary steps.

Operation

The process or action of functioning or working, typically referring to the manner in which devices, systems, or procedures are carried out.