Refer to the Table Representing Darcy's Bank Account

question 65

Multiple Choice

Refer to the table representing Darcy's bank account. If she deposited the $1,000 into her account at the beginning of year 1 and made no further deposits or withdrawals, what interest rate is being paid on Darcy's account?

• A)6.40 percent
• B)6 percent
• C)19.10 percent
• D)60 percent

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Definitions:

Bounded

Being enclosed within specific limits or boundaries.

Unitary

Pertaining to being a single or unified entity without division, often used in different contexts to denote oneness or singleness.

Separation

The process or state of being apart from something or someone, often used to describe the emotional process of detaching from a person, place, or thing.

Earlier

Occurring before a specified time or event.