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    Exam 8: Mathematics of Finance: An Introduction to Basic Concepts and Calculations
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    If You Invest $7500 for a Year at 7
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If You Invest $7500 for a Year at 7

Question 20

Question 20

Multiple Choice

If you invest $7500 for a year at 7.4% per annum simple interest,what is the value of your investment at the end of the year?


A) $555.00
B) $5550.00
C) $8055.00
D) $13 050.00

Correct Answer:

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