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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 47 times)

cabate

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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.


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joechoochoy

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Reply #1 on: Jun 30, 2018
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 :)

mochi09

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Reply 3 on: Yesterday
Wow, this really help

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