If You Put $400 into a Bank Account Today and It

question 371

Multiple Choice

If you put $400 into a bank account today and it promises to pay 5% interest for 6 years, how much is in the account at the end of the six years?

• A) \[\$ 400 \times 6 \times ( 1.05 )\]
• B)
• \[\$ 400 \times ( 1.05 ) ^ { 6 }\]
• C)
• \[\$ 400 \times ( 1.30 )\]
• D)
• \[\$ 400 \times \left( 1 + .05 ^ { 6 } \right)\]

---

Definitions:

Cross-Country Trip

A long-distance journey across a country, typically involving travel through various terrains and regions.

Authentic Environment

A setting or atmosphere that is genuine and true to its origins, often used to describe spaces that accurately reflect their cultural or natural heritage.

Hotel Chain

A collection of hotels under a common brand or management, offering standardized accommodations across different locations.

Observational Data

Information collected through observing subjects in their natural settings without manipulation or intervention by the researcher.