Marcus Puts $500 in an Account and One Year Later

question 179

Multiple Choice

Marcus puts $500 in an account and one year later has $550;what was the interest rate on the account?

• A)10 percent
• B)9 percent
• C)8 percent
• D)None of the above is correct.

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Definitions:

Condensation Nuclei

Tiny airborne particles around which water condenses to form clouds.

Water Droplet

A small particle of water, often forming part of a cloud, fog, or rain.

Sea Breeze

A local wind that blows from the sea to the land due to higher-pressure air over the water.

Onshore Breeze

A wind that blows from the sea towards the land, typically during the day due to thermal differences between land and water.