How Much Would Be in Your Savings Account in 7

question 130

Multiple Choice

How much would be in your savings account in 7 years after depositing $100 today if the bank pays 5% interest per year?

• A) $135.00
• B) $140.71
• C) $735.00
• D) $814.20

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Definitions:

Occupational Choice

The process of deciding upon a particular career path or profession based on one's interests, values, and abilities.

Verbal Abilities

The capacity to use language effectively, including understanding, interpreting, and generating spoken or written communication.

Mathematical Abilities

The capacity to understand, manipulate, and solve numerical and logical problems.

Autonomous Moral Principles

Principles of right action that individuals adopt and follow voluntarily and independently, often based on an internal sense of justice and ethics.