Solve the Problem. -The Amount of Money in an Account Is Given by Is

question 116

Multiple Choice

Solve the problem.
-The amount of money in an account is given by where P is the principal invested, r isthe interest rate (as a decimal) , and t is the time of the investment. Find the amount at the end of 2 years if $600 is invested at 5%. Round to the nearest cent.

• A)$900.00
• B)$630.00
• C)$1,350.00
• D)$661.50

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Definitions:

Ivan Pavlov

A Russian physiologist known for his work in classical conditioning, particularly for his experiments with dogs, which led to the concept of the conditioned reflex.

Digestion

The biological process of breaking down food into smaller components that can be absorbed into the bloodstream.

Dogs

Domesticated carnivorous mammals that are widely kept as pets or for work such as hunting, herding, and providing assistance.

Classical Conditioning

An educational method where associations between an environmental trigger and a naturally happening stimulus lead to learning.