Refer to the Table Representing Darcy's Bank Account

question 205

Multiple Choice

Refer to the table representing Darcy's bank account. If she deposited the $2,000 into her account at the beginning of year 1 and made no further deposits or withdrawals, how much interest would Darcy receive in Year 2 only?

• A)$100
• B)$105.00
• C)$200
• D)$205.00

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Definitions:

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A term applied to contracts or agreements that are legally binding and can be upheld in court.

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The principle that individuals have the liberty to enter into contracts of their choosing without undue government restriction.

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