Sari puts $100 into an account with an interest rate of 10 percent. According to the rule of 70, about how much does she have at the end of 21 years?
a. $210
b. $300
c. $800
d. $1,010
c
Economics
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An industry's long-run supply curve shows
A) the relationship in the long run between market price and quantity supplied. B) greater than normal profit. C) how average productivity is changing. D) how the government determines the price of the product.
Economics
For a 3-year simple loan of $10,000 at 10 percent, the amount to be repaid is
A) $10,030. B) $10,300. C) $13,000. D) $13,310.
Economics
Specific business practices such as price discrimination are prohibited by the:
A. Clayton Act of 1914. B. Sherman Act of 1890. C. Federal Trade Commission Act of 1914.
Economics
Explain how a decrease in the interest rate will affect investment.
What will be an ideal response?
Economics