Multiple Choice
Samantha deposits $2000 into a saving account that pays an annual interest rate of 5 percent.Over the course of a year,the inflation rate is 2 percent.What happens at the end of the year?
A) Samantha has $100 more in her account,and her purchasing power has increased by about $40.
B) Samantha has $100 more in her account,and her purchasing power has increased by about $60.
C) Samantha has $140 more in her account,and her purchasing power has increased about $100.
D) Samantha has $140 more in her account,and her purchasing power has increased about $40.
Correct Answer:
Verified
Correct Answer:
Verified
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