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Question 1 Interest rate is 10%/year; If I borrow 200 dollars today, how much do I owe in 10 years with simple interest rate and
Question 1
Interest rate is 10%/year; If I borrow 200 dollars today, how much do I owe in 10 years with simple interest rate and compound interest rate?
a. 350, 518.75 | ||
b. 400, 518.75 | ||
c. 400, 618.75 | ||
d. 350, 520.68 | ||
e. 400, 520.68 |
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