Multiple Choice
How long will it take to earn $542.40 interest on an investment of $6,400 at 11.3%?
A) 7.5 months
B) 8.0 months
C) 8.5 months
D) 9.0 months
E) 9.5 months
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q19: Calculate the amount of interest that would
Q20: A $3800 loan at 10¾ % was
Q21: If money is worth 14 %, what
Q22: Calculate the missing value: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9643/.jpg" alt="Calculate
Q23: Sumer put $10,000 in a 3-month term
Q25: Calculate the missing value: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9643/.jpg" alt="Calculate
Q26: A contract was signed eight months ago
Q27: Calculate the maturity value of an investment
Q28: How much money would I have to
Q29: A $10,000 90-day term deposit earns 4.5%