What Rate of Interest Did You Receive Over a Period

question 60

Multiple Choice

What rate of interest did you receive over a period of 90 days if your principal was $5000 and it has a maturity value of $6000?

• A) 81.11%
• B) 8.11%
• C) 0.811%
• D) 0.0811%
• E) 811.11%

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Definitions:

Commercialization

The full introduction of a complete marketing strategy and the launch of the product for commercial success.

Marketing Strategy

A plan of action for developing, pricing, distributing, and promoting products that meet the needs of specific customers.

Advertising

A paid form of nonpersonal communication transmitted through mass media, such as television commercials or magazine advertisements.