If You Put $200 in a Savings Account at the Beginning

question 109

Multiple Choice

If you put $200 in a savings account at the beginning of each year for 10 years and then allow the account to compound for an additional 10 years,how much will be in the account at the end of the 20th year? Assume that the account earns 10%,and round to the nearest $10.

• A)$8,300
• B)$9,100
• C)$8,900
• D)$9,700

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Definitions:

Endocrine System

A network of glands in the body that secrete hormones directly into the bloodstream, regulating various bodily functions.

Nervous System

The body's complex network of cells and tissues, consisting of the central and peripheral nervous systems, responsible for coordinating voluntary and involuntary actions and transmitting signals between different parts of the body.

Hypothalamus

A small region of the brain located below the thalamus, responsible for regulating many bodily functions, including hunger, thirst, sleep, and emotional activity.

Thalamus

A structure in the brain located above the brainstem, that serves as a relay station for transmitting sensory information to the cerebral cortex.