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    Managerial Economics and Business Strategy Study Set 1
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    Exam 1: The Fundamentals of Managerial Economics
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    If You Put $1,000 in a Savings Account at an Interest
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If You Put $1,000 in a Savings Account at an Interest

Question 23

Question 23

Multiple Choice

If you put $1,000 in a savings account at an interest rate of 10 percent,how much money will you have in one year?


A) $1,200
B) $909
C) $950
D) $1,100

Correct Answer:

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