One year ago, you invested $2,700. Today, it is worth $3,500. What rate of interest did you earn?
We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period.
3500=2700*(1+r/100)
(3500/2700)=(1+r/100)
(1+r/100)=1.2963
r=1.2963-1
=29.63%(Approx).
One year ago, you invested $2,700. Today, it is worth $3,500. What rate of interest did...
One year ago, you invested $2,850. Today, it is worth $3,650. What rate of interest did you earn? A. 3.56% B. 14.04% C. 4.56% D. 2.34% E. 28.07%
One year ago, you invested $2,980. Today it is worth $3,800.50. What rate of interest did you earn? a. 27.26 percent b. 27.53 percent c. 21.59 percent d. 22.02 percent e. 27.48 percent
Two years ago, you invested $2,650. Today, it is worth $3,450. What rate of interest did you earn?
Two years ago, you invested $2,800. Today, it is worth $3,600. What rate of interest did you earn? Multiple Choice Ο Ο 13.39 percent Ο 6.70 percent Ο 3.50 percent
Two years ago, you invested $3,150. Today, it is worth $3,900. What percent rate of interest did you earn?
You invested 3000 in the stock market one year ago today to do the investment is value 3570. What return did you earn? What return would you suffer next year for the investment to be valued at the original 3000?
you invested $2000 in the stock market one year ago. Today the investment is valued at 1,820 Problem 4-35 Solving for Rates (LG4-7) You invested $2,000 in the stock market one year ago. Today, the investment is valued at $1,820. What return did you earn? (Negative answer should be indicated by a minus sign.) Return earned What return would you need to get next year to break even overall? (Do not round intermediate calculatiom 2 decimal places.) 9% Return earned
you invested $2,000 in the stock market one year ago. today the investment is valued at $1,620 newconnect.mheducation.com/flow/connect.html Chapter 46 Help Save & Exit Submit Check my work You invested $2,000 in the stock market one year ago. Today, the investment is valued at $1620. What return did you earn? (Negative answer should be indicated by a minus sign.) 0.33 points Retur eamed % eBook Print References What return would you need to get next year to break even overall?...
You invested $2,000 in the stock market one year ago. Today, the investment is valued at $1,680. What return did you earn? (Negative answer should be indicated by a minus sign.) What return would you need to get next year to break even overall? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
You invested $3,000 in the stock market one year ago. Today, the investment is valued at $3,450. What return did you earn? (Negative answer should be indicated by a minus sign. Do not round intermediate calculations.) What return would you suffer next year for your investment to be valued at the original $3,000? (Negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)