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Izzy122 Izzy122
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5 years ago

Question 1.

You lend your sister's daughter $2,000 for a year, if at the end of the year she pays you $2,180. The interest rate you are charging her is



▸ 1.1%.

▸ 9%.

▸ 10%.

▸ 20%.

Question 2.

You lend a friend $10,000 for a year at an annual interest rate of 15%. At the end of the year your friend must pay you ________ in interest.



▸ $133

▸ $750

▸ $1,500

▸ $3,000
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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lindslinds
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5 years ago
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Izzy122 Author
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#2
5 years ago
Thank you, thank you, thank you!
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