Suppose That You Had Deposited $100 in a Bank Account

question 130

Multiple Choice

Suppose that you had deposited $100 in a bank account for each of the last 5 years.What annual interest rate is attached to this account if there is now (at the end of the fifth year) $758.92 in the account?

• A)10%
• B)16%
• C)19%
• D)21%
• E)23%