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Vhich of the following 1-year investment has the highest rate of return? O $3,500 that yields $700 in interest. O S7,800 that yields $1,170 in interest. O $500 that yields $45 in interest. O $6,800 that yields $476 in interest.

Vhich of the following 1-year investment has the highest rate of return? O $3,500 that yields $700 in interest. O S7,800 that yields $1,170 in interest. O $500 that yields $45 in interest. O $6,800 that yields $476 in interest.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Which of the following 1-year investment has the highest rate of return? O 3,500 that yields $700 in interest. O S7,800 that yields $1,170 in interest. O 5500 that yields $45 in interest. O $6,800 that yields $476 in interest.
Transcribed Image Text:Which of the following 1-year investment has the highest rate of return? O 3,500 that yields $700 in interest. O S7,800 that yields $1,170 in interest. O 5500 that yields $45 in interest. O $6,800 that yields $476 in interest.
The time it would take for a given sum of money to double at 10% per year simple interest is close to: O 10 years 25 years O 15 years 20 years
Transcribed Image Text:The time it would take for a given sum of money to double at 10% per year simple interest is close to: O 10 years 25 years O 15 years 20 years
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