ABC Bank Pays 2% Simple Interest Annually on an Investment

question 45

Multiple Choice

ABC Bank pays 2% simple interest annually on an investment of $10,000.What is the interest earned in the fifth year?

• A)$2000
• B)$200
• C)$1000
• D)$100
• E)$500

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Definitions:

Testosterone

A primary male sex hormone that plays key roles in health and well-being, including the development of male sexual characteristics, muscle mass, and bone density.

Rete Testis

A network of tubules in the testes where sperm partially matures and is transported to the epididymis.

Ductus Deferens

A channel responsible for moving sperm from the epididymis to the ejaculatory ducts in the system of male reproduction.

Ejaculation

Reflexive expulsion of semen from the penis.