Multiple Choice
If Pat pays $500 for a one-year bond that carries an interest rate of 10 percent per year,how much will she be repaid at the end of the year?
A) $600
B) $510
C) $620
D) $550
E) $500
Correct Answer:
Verified
Related Questions
If Pat pays $500 for a one-year bond that carries an interest rate of 10 percent per year,how much will she be repaid at the end of the year?
A) $600
B) $510
C) $620
D) $550
E) $500
Correct Answer:
Verified
