Drexel Corporation Has Been Enjoying a Phenomenal Rate of Growth

question 75

Multiple Choice

Drexel Corporation has been enjoying a phenomenal rate of growth since its inception one year ago.Currently,its assets total $100,000.If growth continues at the current rate of 12% compounded quarterly,what will total assets be in 2 1/2 years? (Round to the nearest whole dollar)

• A) $142,571
• B) $126,678
• C) $148,016
• D) $136,855
• E) $134,392

---

Definitions:

Allosteric Site

A region on an enzyme that binds to molecules in the cell, resulting in a change in the enzyme's activity; not the active site where substrate molecules bind.

Tryptophan Operon

A segment of DNA in bacteria that regulates the production of tryptophan by switching the genes responsible for its synthesis on or off.

Active Repressor Protein

A protein that binds to specific DNA sequences to inhibit the transcription of certain genes, controlling gene expression.

Inactive RNA Polymerase

An RNA polymerase enzyme in a resting state that is not involved in the transcription of DNA into RNA.