What Simple Annual Interest Rate Would You Need to Earn

question 115

Multiple Choice

What simple annual interest rate would you need to earn $2,000 interest in 147 days on an investment of $49,000?

• A) 19.33%
• B) 40.82%
• C) 10.13%
• D) 21.44%
• E) 7.85%

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Definitions:

Biodiversity

Refers to the variety and variability of life on Earth, encompassing the diversity of species, ecosystems, and genetic variations.

Wildlife Reserves

Designated areas established to conserve wildlife and their habitats, promoting biodiversity and protecting endangered species.

Global Warming

The long-term increase in Earth's average surface temperature due to human activities, primarily fossil fuel burning, which releases carbon dioxide and other greenhouse gases into the air.

CITES

An international accord, the Convention on International Trade in Endangered Species of Wild Fauna and Flora, focuses on protecting wildlife species from extinction by regulating their trade across borders.