Suppose You Put R100 into a Savings Account Today, the Account

question 70

Multiple Choice

Suppose you put R100 into a savings account today, the account pays a simple annual interest rate of 6 percent, but compounded semi-annually, and you withdraw R100 after 6 months.What would your ending balance be 20 years after the initial R100 deposit was made?

• A) R226.20
• B) R115.35
• C) R62.91
• D) R9.50
• E) R3.00

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Definitions:

Committed Relationship

A long-term, dedicated partnership between individuals, which can be romantic or platonic, characterized by mutual respect, love, and shared goals.

Homeostasis

The process through which living organisms maintain equilibrium while adapting to circumstances that are best for their continuation.

Self-transcendence

A psychological state or quality of going beyond personal needs and interests, often involving spiritual experiences or altruism.

Self-actualization

A psychological concept from Maslow's hierarchy of needs, referring to the realization or fulfillment of one's talents and potentialities.