How Much Simple Interest Would Be Earned by a Six-Month

question 29

Multiple Choice

How much simple interest would be earned by a six-month, $30,000 Guaranteed Investment Certificate at 5.7%?

• A) $143
• B) $696
• C) $763
• D) $855
• E) $978

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Definitions:

Correct Meaning

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Vasopressin

A hormone produced by the hypothalamus and stored in the pituitary gland, involved in water retention and vasoconstriction.

Correct Abbreviation

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Protein-bound Iodine

A measure of the concentration of iodine bound to proteins in the blood, used to assess thyroid function.