dave13 wrote:
Bunuel wrote:
An investment of d dollars at k percent simple annual interest yields $600 over a 2 year period. In terms of d, what dollar amount invested at the same rate will yield $2,4,00 over a 3 year period?
A. (2d)/3
B. (3d)/4
C. (4d)/3
D. (3d)/2
E. (8d)/3
Simple interest = principal * interest rate * time , where "principal" is the starting amount and "rate" is the interest rate at which the money grows per a given period of time (note: express the rate as a decimal
A. (2d)/3
B. (3d)/4
C. (4d)/3
D. (3d)/2
E. (8d)/3
Simple interest = principal * interest rate * time , where "principal" is the starting amount and "rate" is the interest rate at which the money grows per a given period of time (note: express the rate as a decimal
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