An Investment Earned $156

question 54

Short Answer

An investment earned $156.25 interest in 30 months. What was the simple annual rate of interest?

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Definitions:

Minor Premise

In a syllogism, the statement that provides a specific instance of the general statement made in the major premise leading to a conclusion.

Whales

Large marine mammals belonging to the order Cetacea, known for their intelligence, aquatic adaptation, and often large size.

Major Premise

In a categorical syllogism, the premise in which the major term appears.

Syllogism

A form of deductive reasoning that consists of two premises followed by a conclusion, based on the relationship between the premises.