If the interest rate is 4 percent per year and you borrow $100 for one year, at the end of the year ...

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If the interest rate is 4 percent per year and you borrow $100 for one year, at the end of the year ...

If the interest rate is 4 percent per year and you borrow $100 for one year, at the end of the year you must pay back
A) $96.
B) $100.
C) $104.
D) $4.

Textbook

Economics Today: The Micro View

Edition: 19^th

Author: Miller

Read 45 times

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