Subject Test Note: - You are attempting question 3 out of 12 Mr. X will retire at the age of 60 years. He wishes to have an amount of $200,000 in his account at the time of retirement. Currently he is...

Extracted text: Subject Test Note: - You are attempting question 3 out of 12 Mr. X will retire at the age of 60 years. He wishes to have an amount of $200,000 in his account at the time of retirement. Currently he is of the age of 40 years and has an amount of $25,000 in hand. How much interest rate a bank should offer so he has the desired amount at retirement. A. 11.00% B. 10.50% C. 10.96% 12.00% Answer O A O B C Submit search