Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You have invested $2,500 in the stock market and have a return of $2650 after 6 months. What simple interest rate did your investment earn?
You have invested $2,500 in the stock market and have a return of $2650 after 6 months. What simple interest rate did your investment earn? Express the answer as a percent rounded to two places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started