Solve the Problem. -Kevin Invested Money in a Savings Account at a Rate

question 112

Multiple Choice

Solve the problem.

-Kevin invested money in a savings account at a rate of 5% simple interest. After one year, he has $4935.00 in the account. How much did Kevin originally invest?

• A) $51.95
• B) $4930.00
• C) $4700.00
• D) $5194.74

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Definitions:

Incremental

Refers to something happening in small steps or stages.

Malleable

Describing something that is capable of being shaped, influenced, or altered; often used in the context of personal attributes or abilities.

Attributional

Relating to the process of explaining the causes of behavior and events, including the attributions we make to understand others' actions.

Correspondent Inference

A theory in social psychology that explains how people infer others' personal characteristics from their behavior, assuming it corresponds to their personality.