You deposited $124 in a bank with an interest rate of 2% each year. If they offer a simple interest rate, what will be you balance after 9 years?

You deposited $124 in a bank with an interest rate of 2% each year. If they offer a simple interest rate, what will be you balance after 9 years?

A 146

B 22

C 190

D 200

Solution

Correct Answer: Option A