Solve the Problem. -How Long Will It Take for $1900 to Grow to to Grow

question 13

Multiple Choice

Solve the problem.
-How long will it take for $1900 to grow to $2200 at an interest rate of 3.7% if the interest is compounded quarterly? Round the number of years to the nearest hundredth.

• A) 3.98 yr
• B) 4.04 yr
• C) 15.92 yr
• D) 31.44 yr

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Definitions:

Paleolithic Prescription

An approach to health and diet that advocates for eating and exercising in ways that mimic the habits of our Paleolithic ancestors.

Melvin Konner

An anthropologist and author known for his work on the evolution of human behavior, child development, and the integration of biological and cultural perspectives in the study of humanity.

Marjorie Shostak

An anthropologist known for her work studying the !Kung San people, focusing on the lives of women in this society.

Boyd Eaton

An American medical doctor and proponent of the Paleolithic diet, emphasizing a dietary lifestyle based on the presumed eating habits of Paleolithic humans.