Are Your Investment Fees Bleeding You Dry?

Topic: Simple Rates of Return

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