Solve the Problem. -Suppose Your Great-Great Grandmother Invested $700 Earning 3.6% Interest Compounded

question 51

Multiple Choice

Solve the problem.
-Suppose your great-great grandmother invested $700 earning 3.6% interest compounded continuously 120 years ago. How much would her investment be worth today? Round to the nearest cent.

• A)$52,632.04
• B)$52,620.80
• C)$818.18
• D)$52,620.83

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Definitions:

Average Kinetic Energy

The mean energy possessed by the particles of a substance due to their random motions, directly related to temperature.

Kinetic-Molecular Theory

A theory that explains the behavior of gases, stating that gas particles are in constant motion and that this motion has consequences for properties like pressure, volume, and temperature.

Temperature

A measure of the average kinetic energy of the particles in a sample of matter, expressed in degrees Celsius, Fahrenheit, or Kelvin.

Gas Particles

Individual atoms or molecules that compose a gas, exhibiting random motion and spreading out to fill the volume of their container.