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%

---

Definitions:

Total Utility

The complete happiness or advantage gained from using a specific amount of products or services.

Product Consumed

Refers to goods or services that have been used by consumers, fulfilling needs or wants.

Marginal Utility

The extra pleasure or benefit a customer gets from purchasing an additional unit of a product or service.

Utility

The satisfaction or benefit derived by consuming a product or service.