An Investment Account That Increases from $1,000 to $1,005 in a Month

question 26

Multiple Choice

An investment account that increases from $1,000 to $1,005 in a month is earning approximately ________ annual interest.

• A) 0.5%
• B) 5.0%
• C) 0.05%
• D) 10.0%
• E) 6.0%

---

Definitions:

Australia

A country and continent surrounded by the Indian and Pacific oceans, known for its Sydney Opera House, Great Barrier Reef, and unique wildlife.

Same-sex Activity

Romantic or sexual acts between individuals of the same sex.

Sexual Orientation

Sexual orientation denotes an individual's pattern of emotional, romantic, or sexual attraction to others, based on their gender.

Undergraduates

Students who are pursuing their first degree, typically a bachelor's degree, in a college or university.