What Rate of Interest Was Earned for $2,000 to Accumulate

question 102

Multiple Choice

What rate of interest was earned for $2,000 to accumulate to be $81,990 after 20 years?

• A)4%
• B)5%
• C)6%
• D)7%
• E)8%

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Definitions:

Bad

A general term describing something that is considered undesirable, harmful, or morally wrong.

Conservative

A political and social ideology emphasizing traditional values, limited government, and resistance to rapid change.

Middle-class

A social class typically characterized by moderate income levels, educational attainment, and occupational status, situated between the lower and upper classes.

Heterosexuals

People who feel sexual attraction towards members of the opposite gender.