Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a $ 1 0 , 0 0 0 investment earns interest of $ 1 , 4 0 0 in 1 year, what is its

If a $10,000 investment earns interest of $1,400 in 1 year, what is its rate of return?
Multiple Choice
100 percent
28 percent
59 percent
80 percent
14 percent
image text in transcribed

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

Capital Market Finance

Authors: Patrice Poncet, Roland Portait, Igor Toder

1st Edition

3030845982, 978-3030845988

More Books

Students also viewed these Finance questions

Question

I am paid fairly for the work I do.

Answered: 1 week ago

Question

I receive the training I need to do my job well.

Answered: 1 week ago