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    Personal Finance Study Set 5
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    Exam 5: Financial Services: Savings Plans and Payment Accounts
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    Determine the Rate of Return on a Savings Account in Which
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Determine the Rate of Return on a Savings Account in Which

Question 53

Question 53

Multiple Choice

Determine the rate of return on a savings account in which you deposited $300.00 and earned $6.00 in interest after one year.


A) 5.00%
B) 0.05%
C) 2.00%
D) 0.20%
E) 18.00%

Correct Answer:

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