If $22,050 is the amount payable in two years for a $20,000 simple loan made today, the interest rate is
A) 5 percent.
B) 10 percent.
C) 22 percent.
D) 25 percent.
A
Economics
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Crowding out will be greater
A) if the economy is in recession, rather than at full employment. B) the further equilibrium GDP is below potential GDP. C) the less sensitive consumption spending is to changes in the interest rate. D) the more sensitive investment spending is to changes in the interest rate.
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Which of the following would be classified as a government purchase?
a. Social security payments b. Government purchases of computers c. Unemployment insurance payments d. Welfare payments e. Veterans' Administration payments.
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