A $100 Investment Yields $112

question 115

Multiple Choice

A $100 investment yields $112.55 in one year.The interest on the investment was compounded quarterly.From this information,what was the stated rate or APR of the investment?

• A) 12.55%
• B) 12.25%
• C) 12.15%
• D) 12.00%

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Definitions:

Mode of Transportation

Refers to the various methods or forms used to move people or goods from one place to another, such as by road, rail, air, or sea.

Supply Chain

The entire network of entities, directly or indirectly interlinked and interdependent, involved in serving the same consumer or customer with products or services.

Transportation

The movement of people or goods from one location to another, using various modes such as trucks, trains, ships, or planes.

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type.