Robert Put $15,000 into an Account with a Fixed Interest

question 248

Multiple Choice

Robert put $15,000 into an account with a fixed interest rate two years ago and now the account balance is $16,695.38. What rate of interest did Robert earn?

• A)4.5 percent
• B)5.5 percent
• C)6.5 percent
• D)8.0 percent

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Definitions:

Lymphatic Ducts

Large vessels in the lymphatic system that transport lymph from the lymph nodes to the veins.

Neutrophils

A type of white blood cell that plays a crucial role in defending the body against infection by engulfing and destroying bacteria and fungi.

Macrophages

Large white blood cells found in tissue or mobile at sites of infection, absorbing and digesting cellular debris and pathogens.

Scavengers

Animals that consume dead or decaying organic matter, playing a critical role in the ecosystem by decomposing and recycling nutrients.