Are Your Investment Fees Bleeding You Dry?

Topic: Simple Rates of Return

q1

Question: You inherit $10,000 from your rich Auntie Mabel, and decide to save it in your local bank.

If this inheritance grows at a 1% rate annually in a CD, how much will you have in one year?

Answers:

  1. $10,010
  2. $11,000
  3. $10,110
  4. $10,100

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