A Bank's Assets Are $400 Million and Its Liabilities Are

Multiple Choice

A bank's assets are $400 million and its liabilities are $300 million,which means that the bank's net worth (bank capital) is ____________________.If the bank's assets rise by 8% at the same time that its liabilities rise by 5%,the bank's new net worth will then be _______________.

A) $700 million; $713 million
B) $100 million; $117 million
C) $100 million; $102 million
D) $350 million; $360.5 million