Interest Rate: Dominic Has $3,000 to Invest for Three Years

question 27

Multiple Choice

Interest rate: Dominic has $3,000 to invest for three years. He wants to receive $5,000 at the end of the three years. What invest rate would his investment have to earn to achieve his goal? (Round to the nearest percent.)

• A) 19%
• B) 21%
• C) 13%
• D) 16%

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Definitions:

Na⁺ Ions

Sodium ions, which are essential for various physiological processes including nerve impulse conduction and muscle contraction.

K⁺ Ions

Potassium ions, essential for numerous body functions including nerve signal transmission and muscle contraction.

Bipolar Method

A technique often used in electrotherapy and electrophysiology involving two electrodes of opposite charges being applied to the body to create an electric field for therapeutic or diagnostic purposes.

Extracellular Fluid

Extracellular fluid refers to all the body fluids outside the cells, including blood plasma, lymph, and interstitial fluid, playing a crucial role in nutrient transport and waste removal.