1.

What is the rate of return on an investment if you lend $1,000 and are repaid $1,254.70 two years later?

Group of answer choices

12%

25%

6%

18%

4% 2.

At an effective interest rate of 12%, a single sum invested today will double itself in approximately:

Group of answer choices

8 years.

12 years.

6 years.

insufficient data to determine answer.