Solved

On April 3 Artie Invested $75,000 and by October 27

Question 107

Multiple Choice

On April 3 Artie invested $75,000 and by October 27 he had earned interest of $10,500. What simple interest rate had he earned?


A) 86.00%
B) 32.34%
C) 71.42%
D) 14.00%
E) 24.69%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents