Determine the Interest Rate Earned on a $800 Deposit When

question 104

Multiple Choice

Determine the interest rate earned on a $800 deposit when $808 is paid back in one year.

• A) 100%
• B) 10%
• C) 1%
• D) 15%

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Definitions:

Charges

An amount or fee levied for a service, or the distribution of electrical energy.

Hydrogen Bonds

Weak bonds between molecules or within parts of a single molecule resulting from the attraction between a hydrogen atom and a more electronegative atom.

Surface Tension

A physical property of the surface of a liquid that makes it behave as though it is covered by a stretched elastic membrane.

DNA Strands

The two long chains of nucleotides that twist around each other to form a double helix structure in DNA.