Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

APPLYING SKILLS Understanding Percentages: Study the graphic and answer the questions below. Working with Percentages Initial Investinent 9.7 percent annual return Income on investment $10,000

image text in transcribed
image text in transcribed
APPLYING SKILLS Understanding Percentages: Study the graphic and answer the questions below. Working with Percentages Initial Investinent 9.7 percent annual return Income on investment $10,000 0.097 $970.00 Value of investinent in one year $10,000 +970 $10,970 39. How much income did the $10,000 investment earn when invested at 9.7 percent per year? a. $97.00 c. $10,970.00 b $970.00 d. $9700.00 40 If you invest $5,000 and receive a 6.7 percent return, how much will you earn in one year? a. $335.00 b. $33.50 c. $3350.00 d. $3.35 What would be the percentage return if a $10,000 investment yielded $1,200 in one year? 4.8.3 percent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics Principles For A Changing World

Authors: Eric Chiang

4th Edition

1464186677, 978-1464186677

More Books

Students also viewed these Economics questions

Question

1. What does this mean for me?

Answered: 1 week ago