What Rate of Interest Did You Earn for a Period

question 128

Multiple Choice

What rate of interest did you earn for a period of 2417 days if you invested $175 and you earned $222 in interest?

• A) 16.19%
• B) 17.19%
• C) 29.19%
• D) 21.19%
• E) 19.16%

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Definitions:

PERT Networks

Project management tools used to plan, schedule, and control complex projects, showcasing tasks as a network of nodes.

Longest Time

The maximum duration taken to complete a specific task or set of tasks within a project or process.

PERT Project

Program Evaluation and Review Technique, a project management tool used to plan, schedule, and control complex projects.

Expected Completion

An estimated time or date by which a project, task, or operation is predicted to be finished, taking into account various factors affecting its progress.