What Simple Annual Interest Rate Would You Need to Earn

question 115

Multiple Choice

What simple annual interest rate would you need to earn $2,000 interest in 147 days on an investment of $49,000?

• A) 19.33%
• B) 40.82%
• C) 10.13%
• D) 21.44%
• E) 7.85%

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Definitions:

Anticholinergic Properties

Characteristics of certain medications that block the action of acetylcholine, a neurotransmitter, which can affect various bodily functions but may lead to side effects like dry mouth and confusion.

Parasympathetic Nervous System

A division of the autonomic nervous system responsible for conserving energy and lowering the heart rate, aiding in digestion and the maintenance of bodily functions at rest.

Reticular Activating

Part of the reticular formation in the brainstem that plays a crucial role in controlling arousal and consciousness.

Medulla Oblongata

The lower portion of the brainstem, responsible for regulating vital functions like heartbeat, breathing, and blood pressure.