What Would Be the Effective Rate of Interest If $100,000

question 47

Multiple Choice

What would be the effective rate of interest if $100,000 was accumulated by investments of $3,500 made at the end of every three months for five years?

• A) 15.20%
• B) 14.40%
• C) 8.65%
• D) 13.12%
• E) 34.61%

---

Definitions:

Nonverbal Communication

Communication without the use of spoken language, involving gestures, body language, facial expressions, and eye contact.

Appearance

The way that someone or something looks or seems to others.

First Impression

The initial perception or judgment formed about someone or something based on the first encounter, which can significantly influence subsequent attitudes and behaviors.

Verbal Communication

The conveyance of information or ideas through spoken words and sounds.