On the Internet you find the following offers for opening an online account.Which of them is the best offer if you have $5,000 to save for two years?
A)an interest rate of 5 percent,with the bank charging you a $50 processing fee at the time you open your account
B)an interest rate of 4 percent,with the bank giving you a $65 bonus at the time you open your account
C)an interest rate of 3.5 percent,with the bank giving you a $100 bonus to open your account
D)an interest rate of 4.5 percent,with no processing fee and no bonus

Question

Quizplus · Accepted Answer

Option B provides a 4% interest rate and a $65 bonus, which results in a higher total amount after two years compared to the other options when considering both interest and bonuses/fees.

On the Internet You Find the Following Offers for Opening