If $49000 Is Invested at an Interest Rate of 2

question 96

Multiple Choice

If $49000 is invested at an interest rate of 2.5% per year find the amount of the investment at the end of 20 years if the money is compounded monthly. Round to the nearest hundredth.

• A) $50239.13
• B) $49000
• C) $80292.21
• D) $80745.33
• E) $51082.58

---

Definitions:

Deformed

Referring to rocks or earth materials that have been changed in shape or dimension under stress, such as during tectonic activity.

Flattened

Describes objects that have been pressed into a thinner shape or planar surface, often as a result of external pressure.

Low Pressure

A condition in the atmosphere where the air pressure is lower than surrounding areas, often leading to cloudy weather and precipitation.

High Temperature

A condition or state of matter characterized by a heat level that is significantly above the normal or expected temperature range.