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Suppose you put E1,000 into a bank account for a year. The bank pays you 5% interest after one year. At the end of the

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Suppose you put E1,000 into a bank account for a year. The bank pays you 5% interest after one year. At the end of the year, once you have received the 5% interest, how much money will there be in your account? Select one: O a. E1,050. O b. E1,005. O c. Less than before, because the money has lost purchasing power owing to the interest rate. O d. E1,000.50

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