You lend a friend $10,000 for a year at an annual interest rate of 15%. At the end of the year your friend must pay you ________ in interest.
A) $133
B) $750
C) $1,500
D) $3,000
Correct Answer:
Verified
Q155: You lend a friend $20,000 for a
Q156: You agree to lend _ to a
Q157: Assume that the current interest rate is
Q158: GM decides to build a new plant
Q159: A software company writes a better operating
Q161: The net income of a firm is
Q162: Related to the Economics in Practice on
Q163: A fund that takes household savings and
Q164: You borrow $20,000 at an interest rate
Q165: Related to the Economics in Practice on
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents