Multiple Choice
A $100 savings account that earns $5 interest in a year has a yield of ____________ percent.
A) 6
B) 5
C) 4.75
D) 3.75
E) 6.5
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q68: The rate of return on a savings
Q69: Comparison of earnings for different savings plans
Q70: A "free" chequing account with a minimum
Q71: Which of the flowing is not a
Q73: Briana Legett expects interest rates to decline
Q74: The yield on a savings account is
Q75: A "free" chequing account with a minimum
Q76: What is a drawback of a Guaranteed
Q77: Robert expects interest rates to rise over
Q82: A restrictive endorsement will usually include the