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Question - You just found out that you have $838.86 in a savings account. Your uncle opened the account in your name exactly 6 years ago, and deposited $X in the account. Then he put in another $85 three years after opening the account. Other than $X and the $85, there were no other deposits. If the interest rate for the past 6 years has been 8%, what is X?

A) $393.95

B) $411.2

C) $461.15

D) $502.22

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93123198

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