Question

How much profit does the bank make at the end of the year in this scenario? $100 $120 $140 $2,000

Answer 1

100 is what it said on the assignment i just took :) 

Answer 2

$1000 *12% = $120

$1000 * 2% = $20

Thus the Bank revenue is, $120 - $20 = $100

the answer then is $100