Click the button next to the correct answer. You will immediately receive a correct or incorrect response. Click the Calculate Score button at the bottom when you are finished.
|
Mr. Yee invested $2,000 in a savings account that pays an annual interest rate of 4% compounded twice a year. If Mr. Yee does not deposit or withdraw any money, how much will he have in the bank after one year?
|
|
|
$2,080.00 |
$2,080.80 |
$2,160.00 |
$2,163.20 |
|
 Grade Seven - Number Sense 1.7 |
|
Reprinted, by permission:
|
|
California Department of Education. CDE Press
1430 N Street
Sacramento, CA 95814
|
|