You Deposit X Dollars into a 3-Year Certificate of Deposit

question 154

Multiple Choice

You deposit X dollars into a 3-year certificate of deposit that pays 4.75 percent annual interest. At the end of the 3 years you have $4,310.16. What number of dollars, X, did you deposit?

• A)$3,680.00
• B)$3,712.77
• C)$3,750.00
• D)$3,772.57

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Definitions:

Pleasurable Sensation

A feeling of enjoyment or satisfaction experienced through various stimuli, which can be physical, emotional, or cognitive.

Satin Edge

A type of fabric finish where the edge is made with satin, giving it a smooth, glossy appearance.

Adaptation

Piaget’s term for adjustment to new information about the environment, achieved through processes of assimilation and accommodation.

Circular Reactions

Piaget’s term for processes by which an infant learns to reproduce desired occurrences originally discovered by chance.