Multiple Choice
If you receive $100 000 back as principal and interest for an investment of $92 368 that you made six months earlier,what simple rate of interest has been earned on your investment?
A) 7.63% per annum
B) 15.48% per annum
C) 16.16% per annum
D) 16.75% per annum
Correct Answer:
Verified
Correct Answer:
Verified
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