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Author Question: Suppose your parents invested 1500 into a savings account on the day you were born and never ... (Read 39 times)

cool

  • Hero Member
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  • 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
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Reply #1 on: Jul 14, 2018
Answer to Question 1

C

Answer to Question 2

A


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