Vhich of the following 1-year investment has the highest rate of return? O $3,500 that yields $700 in interest. O S7,800 that yields $1,170 in interest. O $500 that yields $45 in interest. O $6,800 that yields $476 in interest.
Vhich of the following 1-year investment has the highest rate of return? O $3,500 that yields $700 in interest. O S7,800 that yields $1,170 in interest. O $500 that yields $45 in interest. O $6,800 that yields $476 in interest.
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 57SE: Karl has two years to save $10000 to buy a used car when he graduates. To the nearest dollar, what...
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Transcribed Image Text:Which of the following 1-year investment has the highest rate of return?
O 3,500 that yields $700 in interest.
O S7,800 that yields $1,170 in interest.
O 5500 that yields $45 in interest.
O $6,800 that yields $476 in interest.
Transcribed Image Text:The time it would take for a given sum of money to double at 10% per year simple interest is close to:
O 10 years
25 years
O 15 years
20 years
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