If You Put $510 in a Savings Account at the Beginning

question 30

Multiple Choice

If you put $510 in a savings account at the beginning of each year for 30 years, how much money will be in the account at the end of the 30th year? Assume that the account earns 5%, and round to the nearest $100.

• A) $33,300
• B) $32,300
• C) $33,900
• D) None of the above

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Definitions:

Ornithologist

A scientist who studies birds and their behaviors, habitats, and physiology.

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SARA

An acronym standing for the Species at Risk Act, a Canadian law enacted to provide for the recovery of wildlife species that are at risk of extinction.

Captive Breeding

A conservation strategy involving the breeding of endangered species in controlled environments, such as wildlife reserves or zoos, with the aim of reintroducing them to their natural habitats.