A Principal of $790 Grew to $1,000 in 14 Months

question 197

Multiple Choice

A principal of $790 grew to $1,000 in 14 months. What annual rate of simple interest was earned?

• A) 1.89%
• B) 15.23%
• C) 9.67%
• D) 18.00%
• E) 22.78%

---

Definitions:

Polarities

Conditions or systems characterized by two opposite attributes or aspects, often found in physics, philosophy, and psychology.

Personality

An individual's characteristic pattern of thinking, feeling, and acting across different situations and time.

Primal Experiences

Fundamental, deeply impactful events or realizations that shape an individual's psyche and perceptions from an early stage.

Social Relationships

Connections and interactions between individuals, influenced by mutual interests, social status, and emotional bonds, defining social structures.