Determine the interest rate earned on a $200 deposit when $208 is paid back in one year.
A) 104 percent
B) 8 percent
C) 4 percent
D) 2 percent
Correct Answer:
Verified
Q148: A $2 million deposit earns 7 percent
Q149: You deposit $200 in an account that
Q150: An average home in Chicago costs $295,000.
Q151: You deposit $20,000 in an account that
Q152: Time value of money concepts can be
Q153: A $7 million deposit earns 5 percent
Q154: If an average home in your town
Q155: If an average home in your town
Q156: Which of the following investments would you
Q157: Which is more valuable, receiving $1,000 today
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