Dan Short Invested $7,000 on October 1,2009,and in Return He

question 70

Multiple Choice

Dan Short invested $7,000 on October 1,2009,and in return he received a total of $6,200,which he collected on October 1,2010.The rate of return on Dan's investment was:

• A)(12.9%)
• B)12.9%
• C)11.4%
• D)(11.4%)

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Definitions:

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Relating to or involving all or most people, things, or places, especially without specifying details.

Opposite

Pertaining to something that is diametrically different in position, direction, or character from something else.

Division

The fallacy of inferring that a part has a property merely because the whole has that property.

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