Nick Invested $2,000 in a Bank Savings Account Today and Another

question 33

Multiple Choice

Nick invested $2,000 in a bank savings account today and another $2000 a year from now. If the bank pays interest of 10 percent per year, how much money will Nick have at the end of two years?

• A) $4,210
• B) $4,200
• C) $4,000
• D) $4,620

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Definitions:

Diagnostic Term

A term used in the field of medicine to describe or classify a particular disease or condition based on its symptoms and signs.

Binge-Eating Disorder

A serious eating disorder where individuals frequently consume unusually large amounts of food in short periods and feel a lack of control during these episodes.

Two-Hour Period

A specific duration of time equal to 120 minutes.

Social Worker

A social worker is a professional who provides assistance, counseling, and support to individuals, families, and groups dealing with social, emotional, or economic difficulties.