Solve the Problem. -Tim Invested $87,000 in Two Plans. Plan 1 Is at Plan

question 4

Multiple Choice

Solve the problem.

-Tim invested $87,000 in two plans. Plan 1 is at an APR of 6%, and plan 2 is at an APR of 12%. If he invested $5000 less in plan 2 than in plan 1, how much can he expect to earn in one year?

• A) $4920
• B) $7980
• C) $7680
• D) $2760

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Definitions:

Induced Fit

Induced fit is a model that describes how enzymes change shape upon substrate binding, enhancing their ability to perform catalytic activity.

Catalysis

The acceleration of a reaction rate by a molecule that is unchanged by participating in the reaction.

Sodium-Potassium Pump

A membrane-bound transporter enzyme present in many cell (plasma) membranes that pumps sodium out of cells while pumping potassium into cells, thus maintaining the concentration and electrical gradients of these ions.

Endocytosis

Process by which a cell takes in a small amount of extracellular fluid (and its contents) by the ballooning inward of the plasma membrane.