One Year Ago,you Invested $3,000

question 43

Multiple Choice

One year ago,you invested $3,000. Today it is worth $3,142.50. What rate of interest did you earn?

• A) 4.63%
• B) 4.68%
• C) 4.70%
• D) 4.73%
• E) 4.75%

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Definitions:

Sporangium

A structure in fungi and plants where spores are produced and stored.

Meiosis

A type of cell division that reduces the chromosome number by half, resulting in the production of haploid gametes or spores.

Strobilus

In certain plants, a conelike structure that bears spore-producing sporangia.

Rhizoids

Rhizoids are small, root-like structures found in non-vascular plants, fungi, and some protists that anchor them to surfaces and absorb nutrients.