"Give Me $5,000 Today and I'll Return $20,000 to You

question 32

Multiple Choice

"Give me $5,000 today and I'll return $20,000 to you in five years," offers the investment broker.To the nearest percent, what annual interest rate is being offered?

• A)25 percent
• B)29 percent
• C)32 percent
• D)60 percent $5,000 =

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Definitions:

Glamor

An attractive or exciting charm that can inspire admiration and enthusiasm.

Strong Tones

In communication, strong tones refer to the use of assertive and powerful language to convey a message or express an emotion.

Competence

The ability to do something successfully or efficiently, involving skills and knowledge.

Confidence

A feeling of self-assurance arising from an appreciation of one’s own abilities or qualities.