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I got this question on my quiz a few weeks ago and was wondering if anyone could explain the best/correct answer.

I'm currently leaning towards the last option, but I'm not sure.

I got this question on my quiz a few weeks ago and was wondering if anyone could explain-example-1
User Chiragrtr
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1 Answer

9 votes

Answer:

Easy it's B, this is because the rate at which we earn interest with only 1000$ does not keep up with the maintenance fee.

In B u get $1010 because of the interest after the first year,

In D u get $960 because if u get an annual interest of 2% from $1000 u get a total of $1020 but deduction from maintenance fee is $60 per year, Thus $1020-$60 = $960. Same explaination for the others as well.

User Ketura
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