Sari Puts $100 into an Account with an Interest Rate

question 192

Multiple Choice

Sari puts $100 into an account with an interest rate of 10 percent. According to the rule of 70, about how much does she have at the end of 21 years?

• A)$210
• B)$300
• C)$800
• D)$1,010

Grasp the concept of interest-bearing notes and their repayment components.

Recognize different forms of written obligations and their interest requirements.

Understand employer and employee responsibilities for different types of payroll taxes.

Know how to distinguish between various accounting terms and financial instruments.