Over Six Years Craig Earned Interest of $8,400 on an Investment

question 150

Multiple Choice

Over six years Craig earned interest of $8,400 on an investment of $20,000. What effective rate of return did he earn?

• A) 15.56%
• B) 6.02%
• C) 7.00%
• D) 11.53%
• E) 14.71%

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Definitions:

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The organized pattern of social relationships and social institutions that compose a society.

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A state or condition of having power and influence over others, often within social, ecological, or hierarchical contexts.

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