Hector Puts $150 into an Account When the Interest Rate

question 107

Multiple Choice

Hector puts $150 into an account when the interest rate is 4 percent.Later he checks his balance and finds he has about $168.73.How long did Hector wait to check his balance?

• A)3 years
• B)3.5 years
• C)4 years
• D)4.5 years

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Definitions:

Daycare

A service that cares for children during the day, providing supervision, education, and activities while parents are at work or unavailable.

Cognitive Stimulation

Activities or interventions designed to enhance mental processes such as memory, attention, and problem-solving skills.

Daycare Benefits

Advantages associated with the use of daycare services, including socialization, educational opportunities, and provision of a structured environment for children.

Politeness

A social behavior that is respectful and considerate of others, often governed by cultural norms and used to facilitate smooth social interactions.