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:

Nationally Representative

A term used to describe a sample that accurately reflects the demographics or characteristics of a larger population at a national level.

Kinsey's Rating Scale

A scale measuring sexual orientation developed by Alfred Kinsey, ranging from 0 (exclusively heterosexual) to 6 (exclusively homosexual).

Homosexual

Pertaining to a sexual orientation characterized by attraction to individuals of the same sex.

Heterosexual

A sexual orientation where individuals are romantically or sexually attracted to people of the opposite gender.