Find the Rate

question 105

Multiple Choice

Find the rate. Round to the nearest tenth of a percent.
-Principal: $8,000
Time: 90 days
Interest: $140.00

• A)34.6%
• B)7.0%
• C)7.1%
• D)1.8%

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Definitions:

Investment Securities

Financial instruments, such as stocks or bonds, that represent an ownership interest, or a debt obligation, that can be bought or sold.

Skilled Workers

Workers with specialized training, qualifications, or experience that enables them to perform specific tasks or jobs that require particular competencies.

Immigration

The act of moving to a foreign country to live permanently.

Benefits of Immigration

Refers to the positive economic, social, and cultural contributions immigrants make to a host country, including workforce diversification, innovation, and demographic vitality.