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

Abe three hundred dollars.
Bactually double.
Cremain the same, plus interest.
Dbe two hundred dollars.

Verified Answer :

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.

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.