Explain seasons and compound interest
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This question evaluates quantitative reasoning and basic scientific literacy by testing understanding of Earth's axial tilt and seasonal temperature variation alongside exponential growth and compound interest calculations.
Answer the following basic reasoning questions:
- Why is summer generally hotter than winter?
- Suppose you invest $1,000 at a 100% annual interest rate. Assuming the interest is compounded once per year and all money remains invested, how much money will you have at the end of the 20th year? State any assumptions you make.
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