What Annual Rate of Return Is Earned on a $900

question 106

Multiple Choice

What annual rate of return is earned on a $900 investment when it grows to $2,500 in 15 years?

• A) 1.78 percent
• B) 2.78 percent
• C) 6.58 percent
• D) 7.05 percent

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Definitions:

Cognitive Skills

Mental abilities that involve the processing of information and knowledge, including thinking, reasoning, and problem-solving.

Spatial Skills

The ability to visualize, manipulate, and understand spatial relations between objects.

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The breaking apart of the DNA strands within a sperm, which can negatively impact fertility.

Fathering a Child

The process by which a male contributes genetic material for the conception of a child.