You Deposit $3,000 into an N-Year Certificate of Deposit That

question 199

Multiple Choice

You deposit $3,000 into an N-year certificate of deposit that pays 4.5 percent annual interest,and at the end of the N years you have $4,082.59.What is the number of years,N?

• A)4
• B)5
• C)6
• D)7

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Definitions:

Rewarded

The act of receiving something of value in return for an action or behavior, often used as a means of encouragement or recognition.

X-Ray Vision

Fictional ability to see through solid objects, often found in comic books and science fiction.

Superman

A fictional superhero appearing in American comic books published by DC Comics, known for his superhuman abilities.

Superhero

A superhero is a character, often in comics or movies, with extraordinary powers or abilities, dedicated to protecting the public and combating evil.