At What Simple Annual Interest Rate Would $1,896 Grow to $2,000

question 88

Multiple Choice

At what simple annual interest rate would $1,896 grow to $2,000 in 300 days?

• A) 6.7%
• B) 8.5%
• C) 7.8%
• D) 5.5%
• E) 6.3%

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Definitions:

Cure and Smoke

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Revocation Effective

The point in time when the cancellation or withdrawal of a legal privilege, right, or contract becomes officially valid.

Irrevocable Offer

An offer that cannot be withdrawn or revoked for a certain period once made, holding the offeror to their promise.

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A business service centered on processing coffee beans or other products by applying heat to achieve desired flavors.