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:

Court of Appeals

A higher court that reviews the decisions of lower courts to ensure the correct application of law.

New York

A state in the northeastern United States, known for its significant cultural, financial, and media impact globally, with New York City as its largest city.

Maryland

A state located in the Mid-Atlantic region of the United States, known for its significant history and diverse geography.

Appellate Courts

Courts with the authority to review and revise decisions made by lower courts, ensuring legal errors are corrected.