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Author Question: If you invest 1,000 in a savings account and the annual interest rate is 3.6 percent, your account ... (Read 181 times)

faduma

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  • Posts: 528
on: Jun 30, 2018
If you invest 1,000 in a savings account and the annual interest rate is 3.6 percent, your account balance will double in value in approximately _____.
 a. 185 years
  b. 72 years
  c. 34 years
  d. 20 years
  e. 3.4 years

Question 2

When two goods have positive cross elasticities of demand and positive income elasticities, they are:
 a. Normal and substitutes.
 b. Normal and complements.
  c. Inferior and substitutes.
 d. Inferior and complements.


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otokexnaru

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


faduma

  • Member
  • Posts: 528
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

amit

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Reply 3 on: Yesterday
Excellent

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