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Spending $1000 from a savings account paying 4 percent of interest a year means a opportunity cost of how much money a year? A. $80 B. $40 C. $20 D. $10

Spending $1000 from a savings account paying 4 percent of interest a year means a opportunity cost of how much money a year? A. $80 B. $40 C. $20 D. $10
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Spending $1000 from a savings account paying 4 percent of interest a year means a opportunity cost of how much money a year?

A. $80
B. $40
C. $20
D. $10

asked
User Sshannin
by
8.6k points

1 Answer

2 votes
b. $40 ; 0.04 x 1000
answered
User Fortune
by
7.8k points
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