Robert Put $15,000 into an Account with a Fixed Interest

question 248

Multiple Choice

Robert put $15,000 into an account with a fixed interest rate two years ago and now the account balance is $16,695.38. What rate of interest did Robert earn?

• A)4.5 percent
• B)5.5 percent
• C)6.5 percent
• D)8.0 percent

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Definitions:

Developmental Explanation

An approach explaining behaviors or traits by understanding the changes that occur in an organism from birth to maturation.

Environmental Determination

The process by which the environment shapes and influences the development and traits of organisms.

Genetic Control

The regulation of an organism's development, behavior, and physiology through its genetic composition.

Dialect Differences

Variations in language or speech patterns among groups of speakers within a particular language or geographical region.