Biff deposited $9,000 in a bank account, and 10 years later he closes
Biff deposited $9,000 in a bank account, and 10 years later he closes out the account, which is worth
$18,000. What annual rate of interest has he earned over the 10 years?
A) 7.18% B) 6.45% C) 10.0% D) 9.10%
ANSWER
A
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.