How Much Will Accumulate in an Account with an Initial

question 80

Multiple Choice

How much will accumulate in an account with an initial deposit of $100, and which earns 10% interest compounded quarterly for 3 years?

• A) $107.69
• B) $133.10
• C) $134.49
• D)$313.84

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Definitions:

Sebaceous Glands

Glands in the skin that secrete sebum, an oily substance that lubricates the skin and hair.

Sweat Glands

Specialized skin glands in mammals that produce sweat, a fluid consisting primarily of water, salts, and urea, as a means of cooling the body through evaporation.

Elasticity

The ability of a material or tissue to resume its normal shape after being stretched or compressed.

Skin

Outer covering of the body; can be called the integumentary system because it contains organs such as sense organs.