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

---

Definitions:

Sod

A layer of earth in which the roots of grass are embedded, commonly used for lawns, golf courses, and sports fields to quickly establish a green surface.

Marginal Costs

The expense incurred from the production of one more unit of a product or service.

Average Cost

The total cost of production divided by the number of goods produced, representing the cost per unit of output.

Grazing

The act of animals eating grass or other vegetation growing close to the ground.