Bert Put $75 into an Account and One Year Later

question 77

Multiple Choice

Bert put $75 into an account and one year later had $100.What interest rate was paid on Bert's deposit?

• A)20 percent
• B)25 percent
• C)28 percent
• D)None of the above is correct.

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Definitions:

Individual

A single human being as distinct from a group, class, or family.

Outcomes

The results or consequences of actions, processes, or games, which can be measured to assess performance or success.

Probabilities

The quantification of how probable an event is to happen, represented by a numerical value ranging from 0 to 1.

Expected Value

A calculation used in statistics and probability to determine the average outcome when the future includes scenarios that may or may not happen.