You Deposit $500 in a Savings Account Paying 4% Interest

question 9

Multiple Choice

You deposit $500 in a savings account paying 4% interest continuously compounded. How much will the account be worth after 32 months?

• A) $545.20
• B) $526.10
• C) $576.70
• D) $556.20

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Definitions:

School Development Programs

School development programs are initiatives aimed at improving the quality of education, facilities, and staff within schools to foster a better learning environment for students.

National Network of Partnership Schools

An organization that focuses on improving and facilitating partnerships between schools, families, and communities to foster a conducive learning environment for students' academic and social development.

Well-Functioning Families

Families that demonstrate healthy relationships, effective communication, and the ability to support each member’s well-being and development.

Identities

The qualities, beliefs, personality, looks, and/or expressions that make a person (self-identity) or group (particular social category or social group).