Question

if barbara falcon invests $16,751.84 now and she will receive $30,000 at the end of 10 years, what annual rate of interest will she be earning on her investment?

Answer 1

9% of annual rate of interest will she be earning on her investment .The price of borrowing money is reflected in the interest rate on a credit card.

What is annual  rate interest ?

The price of borrowing money is reflected in the interest rate on a credit card. We utilize the annual percentage rate for this (APR). On the majority of credit cards, you can avoid paying interest on purchases if you pay your balance in full each month by the due date.

The term annual percentage rate of charge refers to the interest rate for an entire year rather than just a monthly fee or rate as applied on a loan, mortgage loan, credit card, etc. It can also be referred to as a nominal APR or an effective APR. It is an annual rate of a finance charge.

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