« previous next »

Author Question: Suppose your parents invested 1500 into a savings account on the day you were born and never ... (Read 94 times)

cool

  • Hero Member
  • *****
  • Posts: 570
on: Jul 14, 2018
Suppose your parents invested 1500 into a savings account on the day you were born and never invested any other money in the account. Today that account is worth 4300. What is the rate of return on the savings account?
 A) 286
  B) 34.8
  C) 186
  D) 51.7
  E) 81.5

Question 2

Lucia has just celebrated her one-year anniversary at her job. She started investing in the company's 401(k) a year ago, and she is curious how her investments have performed. Over the year, she invested a total of 4000 into the 401(k), and today her account is worth 4700. What is Lucia's rate of return?
 A) 17.5
  B) 7
  C) 117
  D) 14.9
  E) 23.2


hanadaa

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 14, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Major Indian Cultures, AD 1–1500 Major Indian Cultures, AD 1–1500
Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
Buildings account for 15% of greenhouse gas emissions Buildings account for 15% of greenhouse gas emissions
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Forming urine ( influencing factors), Forming dilute urine & Forming concentrated urine

For a complete list of videos, visit our video library