9
QuizMultiple Choice

Simple Interest

Question 9 • TCHS VV Financial Math A

Arthur has $19,500 to invest, and wishes to gain $8,000 in interest over eleven years. Approximately what is the minimum simple interest rate that Arthur needs to achieve his goal?a.2.64%b.3.04%c.3.72%d.4.51%

Answer
A
A
B
B
C
C
D
D
Previous
Next
Arthur has $19,500 to invest, and wishes to gain…