If You Left $2,500 on Deposit with a Bank Promising

question 132

Multiple Choice

If you left $2,500 on deposit with a bank promising to pay you a 6 percent compound annual rate of interest, then after 50 years your deposit would be worth approximately:

• A)$2,800
• B)$18,420
• C)$46,050
• D)$250,750

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Definitions:

Serotonin

A neurotransmitter involved in various functions within the body, including mood regulation, appetite, and sleep, often associated with feelings of well-being and happiness.

Glucagon-like Peptide-1

A hormone that plays a role in controlling blood sugar levels by promoting insulin release.

Leptin

A hormone predominantly made by adipose cells and enterocytes in the small intestine that helps to regulate energy balance by inhibiting hunger, which in turn diminishes fat storage in adipocytes.

Lanugo

Fine, soft hair that covers the body and limbs of a fetus during development, which is usually shed before birth but can reappear in cases of severe malnutrition.