Multiple Choice
Scenario: Suppose you deposit $520 in a bank for a period of 1 year. The interest rate offered by the bank is 10 percent per year.
-Refer to the scenario above.Suppose the interest rate is 5 percent.In this case,you will have ________ in your account after 1 year.
A) $533
B) $546
C) $550
D) $580
Correct Answer:
Verified
Correct Answer:
Verified
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