A Principal of $2500 Is Invested at 2% Interest

question 37

Multiple Choice

A principal of $2500 is invested at 2% interest.Find the amount after 20 years if the interest is compounded quarterly. ​

• A)$3724.85
• B)$3727.85
• C)$3723.85
• D)$3726.85
• E)$3725.85

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Definitions:

John Holland's Model

is a theory of career and vocational choice based upon personality types, suggesting that people are more satisfied and productive when their work environments match their personal orientations.

Investigative People

Individuals who display a natural curiosity and inclination towards research, exploration, and uncovering facts.

Detail-Oriented

The characteristic of being meticulously attentive to details, ensuring precision and accuracy in tasks or activities.

Effective Leadership

The ability of a leader to guide, inspire, and influence people towards achieving collective goals while maintaining morale and innovation.