Calculate the Simple Interest Rate at Which One Can Earn

question 193

Multiple Choice

Calculate the simple interest rate at which one can earn $2,200 per day interest on an investment of $8,500,000.

• A) 9.45%
• B) 25.86%
• C) 3.86%
• D) 13.61%
• E) 7.30%

---

Definitions:

Thalidomide

A drug initially used for morning sickness in the late 1950s and early 1960s, later found to cause birth defects, leading to greater drug regulation and safety measures.

Morning Sickness

A common symptom of early pregnancy, characterized by nausea and vomiting, primarily occurring in the morning.

Arm and Leg Deformities

Abnormal shapes, sizes, or positions of the arms and legs due to genetic conditions, injuries, or other causes.

Isotretinoin

A powerful prescription medication primarily used to treat severe acne, known by its brand name Accutane among others.