If you invest $200 today and have $260 in one year, what is the annual interest rate? 30 percent 10 percent 25 percent 20 percent

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 14EA: How much must be invested now to receive $30,000 for 10 years if the first $30.000 is received one...
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If you invest $200 today and have $260 in one year, what is the annual interest rate?
30 percent
10 percent
25 percent
20 percent
Transcribed Image Text:If you invest $200 today and have $260 in one year, what is the annual interest rate? 30 percent 10 percent 25 percent 20 percent
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