Corey Deposits $1,000 in a Savings Account That Pays an Annual

Multiple Choice

Corey deposits $1,000 in a savings account that pays an annual interest rate of 5 percent.Over the course of a year,the inflation rate is 1.7 percent.At the end of the year,Corey has

A) $17 more in his account,and his purchasing power has increased by $10.
B) $30 more in his account,and his purchasing power has increased by $50.
C) $40 more in his account,and his purchasing power has increased by $33.
D) $50 more in his account,and his purchasing power has increased by $33.