What was the simple interest rate if an investment of $35,000 earned interest of $250 between April 4 and May 23?
A) 2.66%
B) 5.32%
C) 7.14%
D) 8.00%
E) 9.89%
Correct Answer:
Verified
Q121: How long will it take to earn
Q122: What simple annual interest rate would you
Q123: If $59,200 grows to $60,000 in 41
Q124: Calculate the amount of money that would
Q125: How much interest would one earn over
Q127: If $450,000 is invested on June 3
Q128: What annual simple interest rate would be
Q129: After 7 months at an interest rate
Q130: On May 27, Kristina made an investment
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