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Use Estimation to Select the Best Response I=ρrtI = \rho r t

Question 78

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Use estimation to select the best response. If I=ρrtI = \rho r t and I=$298.65I = \$ 298.65 , r=10.150/0r = 10.150 / 0 , and t=1 year t = 1 \text { year } , estimate PP .


A) $30,000\$ 30,000
B) $3\$ 3
C) $30\$ 30
D) $300\$ 300
E) $3,000\$ 3,000

Correct Answer:

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