If the Value of the Principal Today Is $2000 and the Interest

question 6

Multiple Choice

If the value of the principal today is $2000 and the interest rate is 12.33%,what is the total simple interest income at the end of three years?

• A)$2,739.80
• B)$739.80
• C)$2,657.30
• D)$787.21
• E)None of the above.

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Definitions:

Coleoptile

Of monocots, a rigid sheath that protects the plumule (embryonic shoot) as it grows up to the soil surface.

Radicle

The first part of a seedling to emerge during the germination process, which develops into the primary root.

Phototropism

Directional response to light.

Auxin

Plant hormone that causes cell enlargement; also has a central role in growth and development by coordinating the effects of other hormones.