Choose the one alternative that best completes the statement or answers the question.
Solve the problem.
-An insurance fund invests $ 85,800 in small cap stocks and earns 3% per year on the investment. How much money is earned per year?
A) $ 2,860,000
B) $ 286,000
C) $ 2574
D) $ 25,740

Question

Quizplus · Accepted Answer

To find the amount earned per year, multiply the investment by the interest rate: $85,800 * 0.03 = $2,574.

Choose the One Alternative That Best Completes the Statement or Answers