Raymond Has an Investment of $25 000 Now,and in Three

question 82

Multiple Choice

Raymond has an investment of $25 000 now,and in three years it will mature and pay Raymond $32 000.What is the approximate annual interest rate he will receive?

• A)9)3 percent
• B)8)6 percent
• C)8)9 percent
• D)Insufficient information to calculate this question

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Definitions:

Nitrogen Gas

A colorless, odorless, tasteless diatomic gas with the chemical formula N2, making up 78% of Earth's atmosphere by volume.

Resonance Structure

Depictions of a molecule showing different possible arrangements of electrons, used to describe delocalization within the molecule.

Valence Shell Electron Pair Repulsion

A theory used to predict the geometry of individual molecules based on the repulsion between electron pairs in the valence shell of an atom.

Electron Pairs

Two electrons occupying the same orbital in an atom or molecule, typically forming a covalent bond between atoms.