Beatrice Invests $2,000 in an Account That Pays 5% Simple

question 131

Multiple Choice

Beatrice invests $2,000 in an account that pays 5% simple interest.How much more could she have earned over a five-year period if the interest had compounded annually?

• A)$45.45
• B)$45.97
• C)$46.65
• D)$52.56
• E)$61.67

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Definitions:

Advanced Tools

Advanced tools refer to sophisticated equipment, software, or instruments used in various fields to perform tasks more efficiently, accurately, or innovatively.

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An extinct species of early humans that lived approximately 2.1 to 1.5 million years ago, known for using stone tools.

Omnivores

Organisms that obtain energy and nutrients by consuming a diet made up of both plant and animal products.

Dentition

The arrangement or condition of the teeth in a particular species or individual.