Kevin Just Deposited $13,000 into His Savings Account at Traditions

question 56

Multiple Choice

Kevin just deposited $13,000 into his savings account at Traditions Bank.The bank will pay .87 percent interest,compounded annually,on this account.How much interest on interest will he earn over the next 5 years?

• A)$8.67
• B)$9.93
• C)$8.92
• D)$9.49
• E)$9.73

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Definitions:

Immune Response

The body's defense mechanism against pathogens, involving both innate and adaptive immune systems.

Growth Factors

Naturally occurring substances capable of stimulating cellular growth, proliferation, and cellular differentiation, usually considered essential for cell signaling.

Exocrine Role

Refers to the function of exocrine glands in secreting substances through ducts to an external or internal surface.

Pancreas

A glandular organ in the digestive and endocrine system of vertebrates producing digestive enzymes and hormones like insulin.