If You Put $125 into an Account That Paid 1

question 83

Multiple Choice

If you put $125 into an account that paid 1.25 percent interest how much money to the nearest penny,would you have in the account in two years?

• A)$129.73
• B)$128.14
• C)$127.15
• D)$125.13

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Definitions:

Abstract

Pertaining to ideas, concepts, or qualities not associated with specific objects or events and not having physical existence.

Logical Thinking

The process of reasoning consistently and sensibly, using a structured and methodical approach to analyze and solve problems.

Formal Thinking

A stage of cognitive development where individuals can think logically about abstract propositions and test hypotheses systematically.

Life Experiences

The events, situations, and occurrences that individuals go through over their lifetimes, shaping their perspectives and personalities.