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
B
Economics
You might also like to view...
Using the points on the diagram below, identify which combinations of these points illustrate diminishing returns to capital. Give a brief explanation to support your answer
What will be an ideal response?
Economics
Given the accelerationist Phillips curve ?? = - 0.7 (U - 5 ) + ?, suppose that inflation has increased from 8 percent to 10 percent. If the unemployment rate is 4 percent, then the price shock is ________
A) 2.7 percent B) 0.6 percent C) 1.3 percent D) 1 percent E) none of the above
Economics