$3,947 Deposited Four Years Ago Has Grown to $5,000

question 146

Multiple Choice

$3,947 deposited four years ago has grown to $5,000. What semiannually compounded rate of interest has the bank been paying?

• A)5.26%
• B)6.00%
• C)3.00%
• D)6.67%

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Definitions:

Lungs

Pair of respiratory organs situated in the chest, responsible for gas exchange between air and blood.

Neuronal Multiplication

The process of neuron proliferation, where neurons divide and increase in number, particularly during prenatal development.

Neurons

Specialized cells of the nervous system that transmit information throughout the body in the form of electrical signals.

Embryonic Period

The stage of prenatal development from about the second to the eighth week after conception, where major organs and structures begin to develop.