A Bank Pays an Interest of 4

question 64

Essay

A bank pays an interest of 4.5% for a three month term deposit. Calculate the amount that Stacy must invest to earn an interest of $100.00.

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Definitions:

Fertilized Ovum

A cell that results from the fertilization of an ovum (egg) by a sperm, marking the beginning of a human life.

Genetic Material

The molecules (mainly DNA or RNA) within cells that carry the genetic instructions for the development, functioning, growth, and reproduction of all known organisms.

Zygote

The initial cell formed when a sperm cell fertilizes an egg cell, containing the genetic information necessary for the development of a new organism.

Chromosomes

Structures located in the nucleus of cells, made up of DNA and protein, that contain genes, the basic units of heredity.