Multiple Choice
If $59,200 grows to $60,000 in 41 days what simple annual interest rate was earned?
A) 12.03%
B) 11.87%
C) 13.51%
D) 17.48%
E) 10.16%
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q229: How much will be required on February
Q230: What will be the maturity value after
Q231: Asher cashed in a one-year term deposit
Q232: Calculate the missing value:<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8414/.jpg" alt="Calculate
Q233: Calculate the missing value:<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8414/.jpg" alt="Calculate
Q235: How much interest could you earn over
Q236: The total accrued interest owed as of
Q237: Payments of $100,000 and $150,000 are due
Q238: Bruce borrowed $6,000 from Darryl on November
Q239: How much interest will be earned on