If Mary had $500 in her bank account at the beginning of 2010, she would have a final balance of _____after a year if the rate of return is 5%.
A) $505
B) $525
C) $550
D) $555

Name: If Mary had $500 in her bank account at the beginning of 2010, she would have a final balance of _____after a year if the rate of return is 5%. A) $505 B) $525 C) $550 D) $555
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

The correct calculation for a 5% increase on $500 is $500 * 1.05 = $525.

If Mary Had $500 in Her Bank Account at the Beginning