Assume Everyone in the United States Consumes One Soft Drink

question 52

Multiple Choice

Assume everyone in the United States consumes one soft drink in an aluminum can every two days.If there are 280 million Americans,how many tons of aluminum need to be recycled each year if each can weighs 1/17 pound and one ton = 2000 pounds?

• A) 412000 tons
• B) 1.5 million tons
• C) 3 million tons
• D) 1 million tons
• E) ​376000 tons

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Definitions:

Interest

A financial expense for accessing borrowed capital, customarily indicated by an annual rate in percentage.

Investment

The act of allocating funds into ventures with the intention of gaining financial returns or tangible outcomes.

Compounded Quarterly

Interest on an investment or loan that is calculated four times a year, adding each interest payment to the principal for future interest calculations.

Maturity Value

The amount payable to an investor at the end of a fixed-term investment including the principal and the interest.