How Many Days Did It Take for Your Investment of $4300

question 109

Multiple Choice

How many days did it take for your investment of $4300 to accrue $147 in interest at a rate of 8.12%?

• A) 163.36 days
• B) 135.36 days
• C) 157.36 days
• D) 153.67 days
• E) 163.67 days

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Definitions:

Mean Value

The average of a set of numbers, found by dividing the sum of all values by the number of values.

Statistical Thinking

An approach to understanding, interpreting, and communicating data through the use of statistical methods and reasoning.

Interconnected Processes

Processes that are linked with one another such that the output of one process becomes the input for another, creating a complex system where the processes depend on each other.

Statistics

The science of collecting, analyzing, interpreting, and presenting data to make informed decisions.