Isaac Only Has $690 Today but Needs $800 to Buy

question 43

Multiple Choice

Isaac only has $690 today but needs $800 to buy a new laptop.How long will he have to wait to buy the laptop if he earns 5.4 percent compounded annually on his savings?

• A)2.29 years
• B)2.48 years
• C)2.51 years
• D)2.77 years
• E)2.81 years

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Definitions:

Solid Waste

Refers to non-liquid waste materials arising from domestic, industrial, commercial, and agricultural activities that are not hazardous.

Agriculture

The science, art, and practice of cultivating the soil, growing crops, and raising livestock for human use and consumption.

Municipalities

Local government entities that are responsible for providing basic services and governance within a specified geographic area or city.

Mining

The process of extracting minerals, metals, and other valuable materials from the earth through various techniques.