Write as a Percent $1 \frac { 2 } { 7 }$

question 71

Multiple Choice

Write as a percent.
- $1 \frac { 2 } { 7 }$

• A)64.2857143%
• B)12.8571429%
• C)1.28571429%
• D)128.571429%

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Definitions:

Compounded Quarterly

An approach to interest calculation where the earned interest is compounded to the principal quarterly, resulting in the accumulation of interest upon interest.

Repaid

The process of paying back money previously borrowed from a lender.

Payments

The act of transferring money or goods in exchange for a product or service, or the fulfillment of an obligation.

Compound-Interest

Interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan.