document.write( "Question 1108387: Calculate the simple interest rate at which one can earn $1,500 per day interest on an investment of $7,500,000 \n" ); document.write( "

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Calculate the simple interest rate at which one can earn $1,500 per day interest on an investment of $7,500,000
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\n" ); document.write( "1500/7500000 = 1.5e3/7.5e6 = 0.2e-3 = 2e-4
\n" ); document.write( "% = 2e-4*100 = 2e-2% per day
\n" ); document.write( "= 0.02% per day
\n" ); document.write( "0.02*365 = 7.3% per year \n" ); document.write( "

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