If You Put $100 into a Bank Account That Earns

question 258

Multiple Choice

If you put $100 into a bank account that earns five percent interest per year,what is the formula you should use to determine the account's future value in one year?

• A)Future value = (Present value / i)
• B)Future value = (Present value × i)
• C)Future value = [Present value × (1 + i)]
• D)All of these yield the same answer.

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Definitions:

Sporophyte

The diploid, spore-producing phase in the life cycle of plants that undergo alternation of generations.

Vascular Tissue

Specialized plant tissue consisting of xylem and phloem, responsible for water, nutrient transportation, and structural support.

Protected Zygote

A fertilized egg cell that is safeguarded from the external environment by physical or biochemical means.

Cell Walls

Rigid layers found outside the plasma membrane in plants, fungi, bacteria, and algae cells, providing structure, protection, and support.