Question

What is the interest rate for earnings with a minimum balance of $500?

1) 4 percent
2) 5 percent
3) 6 percent
4) 7 percent

Answer 1

The interest rate for earnings with a minimum balance of $500 is 5 percent.

Step-by-step explanation:

The interest rate for earnings with a minimum balance of $500 is 5 percent. This means that if you have a minimum balance of $500 in your account, you will earn 5 percent interest on that balance.