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Author Question: If an individual borrows 200 at an annual rate of interest of 10, what is the total amount that he ... (Read 59 times)

cabate

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If an individual borrows 200 at an annual rate of interest of 10, what is the total amount that he will have to repay after one year?
 
  A) 20 B) 220 C) 210 D) 200

Question 2

The savings rate designates:
 
  A) the difference between household consumption and savings.
  B) the difference between government revenue and government expenditure.
  C) the rate of return households earn on their savings.
  D) the fraction of income that households save.



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joechoochoy

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Answer to Question 1

B

Answer to Question 2

D




cabate

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


sultansheikh

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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