What Will the Dollar Amount Be If the Interest Is

question 52

Multiple Choice

What will the dollar amount be if the interest is compounded semiannually for those four years?

• A) $3,100
• B) $3,188
• C) $3,240
• D) $3,290

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Definitions:

Primary Producers

Organisms, typically plants, algae, and certain bacteria, that produce organic compounds from carbon dioxide and water using sunlight energy through photosynthesis, forming the base of the food chain.

Autotrophs

Organisms that can produce their own food from inorganic substances using light (photosynthesis) or chemical energy (chemosynthesis).

Heterotrophs

Organisms that cannot synthesize their own food and rely on other organisms — either plants or animals — for nutrition.

Nutrient

Substances obtained from food necessary for growth, metabolism, and for other body functions.