Author Question: If an individual borrows 200 at an annual rate of interest of 10, what is the total amount that he ... (Read 27 times)

cabate · **on:** Jun 30, 2018

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.