Which Is Worth More After 10 Years: $1200 Invested at 10

question 54

Multiple Choice

Which is worth more after 10 years: $1200 invested at 10% annual interest or $1500 invested at 8% annual interest?

• A)The 8% investment
• B)The 10% investment

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Definitions:

Hard Candies

Small, flavored sugar candies that are solid at room temperature, often sucked rather than chewed.

Marginal Utility

The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.

Utility-Maximizing Amounts

Quantities of goods and services consumers choose in order to reach the highest level of satisfaction.

Price of C

The price of "C" refers to the cost or price level of a specific good, service, or commodity denoted as "C."