Interest Rate: Sofie Wants to Invest $25,000 in a Spa

question 90

Multiple Choice

Interest rate: Sofie wants to invest $25,000 in a spa that her sister is starting. She will triple her investment in six years. What is the rate of return that Sofie is being promised? (Rounded to the nearest per cent.)

• A) 18%
• B) 20%
• C) 12%
• D) 25%

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Definitions:

Sterilization

A process that eliminates all forms of life and other biological agents from an object or area to prevent infection.

Productive Cough

A cough that results in the expulsion of mucus or phlegm from the respiratory tract.

Negative-Pressure Room

A specialized hospital room designed to contain airborne contaminants within the room by maintaining a lower air pressure inside than in the surrounding areas.

Contact Isolation

A health care protocol used to prevent the spread of infectious agents that can be transmitted through direct or indirect contact.