How Much Interest Could You Earn, Over 5 Months on an Investment

question 34

Multiple Choice

How much interest could you earn, over 5 months on an investment of $94,000 at 17.75%?

• A) $39,167
• B) $6,952
• C) $8,342
• D) $993
• E) $4,216

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Definitions:

Island Arc

A curved chain of volcanic islands located at a tectonic plate margin, above a subducting zone.

Linear Island Chain

A series of islands aligned in a straight line, often created by the movement of a tectonic plate over a stationary hotspot in the Earth's mantle.

Seamount

A submarine mountain, in some cases flat-topped, that rises above the seafloor.

Pacific Ocean

The largest and deepest of the world's ocean basins, extending from the Arctic in the north to the Antarctic in the south.