If the Interest Rate Increases from 6 Percent to 10

question 23

Multiple Choice

If the interest rate increases from 6 percent to 10 percent per year, each $100 saved will earn

• A)$4 per year more than before
• B)$6 per year more than before
• C)$10 per year more than before
• D)$16 per year more than before
• E)$60 per year more than before