SOLUTION: Principal of $600 is invested at 3.6% /a simple interest, paid annually, for 12 years. What is the rate of return?
A) 43.2% B) 21.6% C. 7.2% D) 0.6%
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-> SOLUTION: Principal of $600 is invested at 3.6% /a simple interest, paid annually, for 12 years. What is the rate of return?
A) 43.2% B) 21.6% C. 7.2% D) 0.6%
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Question 1102510: Principal of $600 is invested at 3.6% /a simple interest, paid annually, for 12 years. What is the rate of return?
A) 43.2% B) 21.6% C. 7.2% D) 0.6% Answer by jorel1380(3719) (Show Source):
