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:

Convicted of a Criminal Offence

Found legally guilty of violating criminal law.

Compensated for Injury

Receiving payment or restitution for physical or psychological harm suffered due to another's negligence or wrongdoing.

Balance of Probabilities

The standard of proof in civil cases, where the likeliness of one's claim being true must be greater than 50%.

Prosecutor

An attorney or legal official who presents the case against an individual accused of breaking the law in a criminal trial.