Question

A person makes a 400 dollar deposit in a bank account in January. By December, the value of that deposit will

A. be three hundred dollars.
B. actually double.
C. remain the same, plus interest.
D. be two hundred dollars.

Answer 1

The answer choice is B) It should actually double.

Considering it's been in the bank so long, it would have increased because of interest rates.

Answer 2

The amount in his bank account should grow because he will have accumulated some interest, even if the $400 stays the same, so this would be c.