Beatrice Invests $1,000 in an Account That Pays 4% Simple

question 115

Multiple Choice

Beatrice invests $1,000 in an account that pays 4% simple interest. How much more could she have earned over a five-year period if the interest had compounded annually?

• A) $15.45
• B) $15.97
• C) $16.65
• D) $17.09
• E) $21.67

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Definitions:

CAM Plants

Plants that utilize Crassulacean Acid Metabolism, a photosynthetic adaptation to arid conditions where stomata open at night to minimize water loss.

Malate

A substance found in many fruits and vegetables, serving as an intermediate in the citric acid cycle within cellular metabolism.

Vacuoles

Membrane-bound compartments within a cell that serve various functions such as storing nutrients or waste products.

Thylakoid Lumen

The internal space enclosed by the thylakoid membrane within the chloroplasts, where the light-dependent reactions of photosynthesis take place.