Multiple Choice
Determine the interest rate earned on a $200 deposit when $208 is paid back in one year.
A) 104 percent
B) 8 percent
C) 4 percent
D) 2 percent
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q130: A dollar paid (or received) in the
Q131: A firm's net income last year was
Q132: Assume you borrow $500 from a payday
Q133: What annual rate of return is implied
Q134: Compute the present value of $4,000 paid
Q136: A $7 million deposit earns 5 percent
Q137: How much would be in your savings
Q138: What is the value in year 2
Q139: How long will it take for the
Q140: Which of the following investments would you