You deposit $500.00 into an asset that pays 10 percent 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 percent 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 * 0.1 * 3), which brings the total amount to $665.50 (500 + 165.50).

You Deposit $500