Ed Plans to Receive $2000 Interest in 200 Days on His

question 29

Multiple Choice

Ed plans to receive $2000 interest in 200 days on his investment of $40 000. At what interest rate should he plan to invest?

• A) 9.1%
• B) 9.6%
• C) 34.7%
• D) 10%
• E) 20%