At What Simple Annual Interest Rate Would $835 Grow to $900

question 65

Multiple Choice

At what simple annual interest rate would $835 grow to $900 in 5 months?

• A) 16.7%
• B) 4.5%
• C) 7.8%
• D) 18.7%
• E) 17.3%

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Definitions:

Communist

Relating to a political and social system in which property and resources are collectively owned, with the aim of eliminating class distinctions.

Theocratic

Pertaining to a form of government or a society where religious leaders control political power, often based on the belief that their authority is divinely guided.

Anarchic

Characterized by a state of disorder and absence of governmental authority or a structured society.

Extremism

Holding extreme political or religious views.