A $100 Savings Account That Earns $5 Interest in a Year

question 72

Multiple Choice

A $100 savings account that earns $5 interest in a year has a yield of ____________ percent.

• A)6
• B)5
• C)4.75
• D)3.75
• E)6.5

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Definitions:

William Berkeley

Was a colonial governor of Virginia, known for his role during the Bacon's Rebellion and his influence in the early development of the colony.

English Civil War

A series of armed conflicts and political machinations between Parliamentarians and Royalists over, principally, the manner of England's governance (1642-1651).

Protestant Associators

Protestant Associators were groups of Protestant soldiers or civilians who banded together during periods of religious conflict, particularly in the 16th and 17th centuries, to defend their faith and interests against perceived Catholic opponents.

William and Mary

Refers to the reign of King William III and Queen Mary II, who jointly ruled England, Scotland, and Ireland from 1689 after the Glorious Revolution.