If K = 3000,n = 0.015,and d = 0.082,then investment of ________ will hold (Y/N)constant.
A)291
B)201
C)164
D)549

Name: If K = 3000,n = 0.015,and d = 0.082,then investment of ________ will hold (Y/N)constant. A)291 B)201 C)164 D)549
Brand: Quizplus
Rating: 4.7 (37 reviews)

Question

Quizplus · Accepted Answer

The formula to keep Y constant is K = n * d * investment. Solving for investment gives investment = K / (n * d) = 3000 / (0.015 * 0.082) = 291.46, which rounds to 291.