Multiple Choice
Ten years ago,Jackson Supply set aside $130,000 in case of a financial emergency.Today,that account has increased in value to $330,592.What rate of interest is the firm earning on this money?
A) 8.80 percent
B) 9.78 percent
C) 10.75 percent
D) 11.28 percent
E) 11.53 percent
Correct Answer:
Verified
Correct Answer:
Verified
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