If a United States Savings bond can be purchased for $14.60 and has a maturity value at the end of 25 years of $100, what is the annual rate of return on the bond?
A) 6 percent
B) 7 percent
C) 8 percent
D) 9 percent
C
Business
A) 6 percent
B) 7 percent
C) 8 percent
D) 9 percent
C