If You Receive $100 000 Back as Principal and Interest

question 30

Multiple Choice

If you receive $100 000 back as principal and interest for an investment of $92 368 that you made six months earlier,what simple rate of interest has been earned on your investment?

• A) 7.63% per annum
• B) 15.48% per annum
• C) 16.16% per annum
• D)16.75% per annum

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Definitions:

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Illness

A state of being unwell or suffering from a disease or health condition.

Type D Personality

A personality type associated with negative affectivity (worry, irritability) and social inhibition (reticence, lack of self-assurance).

Heart Disease

A range of conditions that affect the heart, including coronary artery disease, arrhythmias, and heart failure.