# Economics

posted by
**mike**
.

Suppose you deposit $5,000 in a bank which pays 10 percent interest compounded twice a year. The actual annual interest rate you receive is:

a- 10

b-11

c-10.25

d-12

posted by
**mike**
.

Suppose you deposit $5,000 in a bank which pays 10 percent interest compounded twice a year. The actual annual interest rate you receive is:

a- 10

b-11

c-10.25

d-12