Suppose a Number of Your Friends Have Organized a Company

question 107

Multiple Choice

Suppose a number of your friends have organized a company to develop and sell a new software product. They have asked you to loan them $7,000 to help get the company started, and have promised to repay your $7,000 plus 10% interest in one year. Of the following, which amount may be described as the return on your investment?

• A) $7,000.
• B) $700.
• C) $7,700.
• D) Some other amount.

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Definitions:

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An American painter and illustrator known for his depictions of American culture, producing covers for The Saturday Evening Post magazine for nearly five decades.

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A global military conflict that lasted from 1939 to 1945, involving most of the world's nations including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.