A Bank Charges 0

question 156

Short Answer

A bank charges 0.5 % service fee on checking accounts.If $ 1,000 was deposited in such account,use the concept of negative interest rate to find an approximate value of the amount in this account after 10 years.

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Definitions:

Earliest Vertebrates

The earliest vertebrates are ancient species that represent the origin of vertebrate animals, including fish, which possess a backbone and are foundational to the evolution of more complex vertebrates.

Jaws

The bony structure in the head of most vertebrates that holds the teeth and is used for biting and chewing.

Chordate Nerve Cord

The Chordate Nerve Cord is a dorsal, hollow nerve cord found in all chordates, including humans, that develops into the spinal cord and brain.

Ventrally

Pertaining to the belly or underside of an animal or organism; the opposite of dorsally, which refers to the back or upper side.