What Rate of Interest Did You Receive Over a Period

question 60

Multiple Choice

What rate of interest did you receive over a period of 90 days if your principal was $5000 and it has a maturity value of $6000?

• A) 81.11%
• B) 8.11%
• C) 0.811%
• D) 0.0811%
• E) 811.11%