You deposit $500.00 into an asset that pays 10% annual interest for three years.At the end of the three years,you would have:

Name: You deposit $500.00 into an asset that pays 10% annual interest for three years.At the end of the three years,you would have:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The correct answer is B because the interest earned after three years is $165.50 (500 x 0.10 x 3), which brings the total amount to $665.50 ($500 + $165.50).

You Deposit $500