If You Put $10 in a Savings Account at the Beginning

question 8

Multiple Choice

If you put $10 in a savings account at the beginning of each year for 11 years,how much money will be in the account at the end of the 11th year? Assume that the account earns 11%,and round to the nearest $100.

• A)$220
• B)$200
• C)$190
• D)$180