26
QuizMultiple Choice

N/A — Exam

Question 26 • Advanced Financial Algebra

You invest $⁢40,000 in a savings account. After one year, your investment has grown to $⁢42,800 What is the percent yield of the investment? Percent yield of an investment formula: Percent yield=((final value−initial value)/(initial value))×100

Answer
A
6 percent
B
7 percent
C
4 percent
D
5 percent
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