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You Deposit $1,000

Question 27

Multiple Choice

You deposit $1,000.00 in the bank and leave it for five years at 3% annual interest making no additional transactions on this account.At the end of the five years,you withdraw the principal and any accumulated interest; the amount you would withdraw would be:


A) $1,000.00.
B) $1,030.00.
C) $1,150.00.
D) more than $1,150.00 but less than $1,500.00.
E) more than $1,500.00.

Correct Answer:

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