Robert Put $15,000 into an Account with a Fixed Interest

question 248

Multiple Choice

Robert put $15,000 into an account with a fixed interest rate two years ago and now the account balance is $16,695.38. What rate of interest did Robert earn?

• A)4.5 percent
• B)5.5 percent
• C)6.5 percent
• D)8.0 percent

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Definitions:

Anterior Cruciate Ligament

A key ligament within the knee joint that connects the femur to the tibia, providing stability to the knee.

Articulations

Joints or points of connection between bones in the skeleton.

Anastomoses

Natural communication, direct or indirect, between two blood vessels or other tubular structures. An opening created by surgery, trauma, or disease between two or more normally separate spaces or organs.

Aponeurosis

A flat, broad tendon-like structure that connects muscles to the parts they move or to other muscles.