At the end of 2007 a student has $200 in a bank savings deposit that is earning an interest rate of 5 percent a year. If the student leaves the savings account untouched, when will his deposit have grown to $400? If the student leaves the savings account untouched, his deposit will have grown to $400 O A. by 2021 B. after 28 years O C. by 2035 O D. after 7 years
At the end of 2007 a student has $200 in a bank savings deposit that is earning an interest rate of 5 percent a year. If the student leaves the savings account untouched, when will his deposit have grown to $400? If the student leaves the savings account untouched, his deposit will have grown to $400 O A. by 2021 B. after 28 years O C. by 2035 O D. after 7 years
Chapter16: The Markets For Labor, Capital, And Land
Section: Chapter Questions
Problem 12P
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