George knows that he has $230.05 dollars in his account. He knows he earned an i

Question

George knows that he has $230.05 dollars in his account. He knows he earned an interest rate of 7 percent, but he doesn't remember how much he opened the account with a year ago. How much did he put in?

$215

What is the future value of $500 one year from today if the interest rate is 6 percent?

$503

The agency directly responsible for enforcing laws forbidding employment discrimination based on age, race, color, religion, gender orientation, sexual identification, national origin, or disabled status in the U.S. is the

Explanation / Answer

1) George opened the account a year ago with a sum of $215, and as he has earned an interest of 7% that is $15.05, his account balance after a year is $215 + $15.05 = $230.05.

2) The future value of $500 in one year from today if the interest rate is 6% will be $530. 6% of $500 is $30. So we have $500 + $30 = $530.

3) Equal Employment Opportunity Commission enforces the law forbidding discrimination on the basis of certain grounds mentioned above.   

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