A $200 Savings Account That Earns $13 Interest in a Year

question 58

Multiple Choice

A $200 savings account that earns $13 interest in a year has a yield of _______ percent.

• A) 6.00
• B) 13.00
• C) 7.00
• D) 11.25
• E) 6.50

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Definitions:

Donor Countries

Nations that provide financial or material aid to other countries for development, relief efforts, or economic assistance.

International Loans

Loans that are made across national borders, often involving different currencies and international financial institutions.

Living Standard

The quality and quantity of goods and services available to individuals or societies, including health, comfort, and leisure time activities.

Self-Supporting

Having the ability to provide for oneself without relying on external assistance.