Over Six Years Craig Earned Interest of $8,400 on an Investment

question 150

Multiple Choice

Over six years Craig earned interest of $8,400 on an investment of $20,000. What effective rate of return did he earn?

• A) 15.56%
• B) 6.02%
• C) 7.00%
• D) 11.53%
• E) 14.71%

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Definitions:

Personality Disorder

A type of mental disorder characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating from those accepted by the individual's culture.

Mental Disorder

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