Posted: February 12th, 2016

Mr. Jones borrows $2,000 for 90 and pays $35 interest. What is his effective rate of interest? a. 9.3% b. 7% c. 11.7% d. None of these

Mr. Jones borrows ,000 for 90 and pays interest. What is his effective rate of interest?
a. 9.3% b. 7% c. 11.7% d. None of these

If you invest ,000 at 12% interest, ho much will you have in 7 years?
a. $18,016 b. $17.688 c. $3,616 d. $80,712

How much must you invest at 10% interest in order to see you investment grow to $5,000 in 5 years?
a. $3,070 b. $3,415 c. $3,105 d. None of these