Hi there,
I found one part of the answer but I didn't find the ratio rate.
Could demonstrate the simplest way to resolve it ?
An investment of "d" dollars at "k" percent simple annual interest yield $600 interest over a 2-year period. In terms od d, what dollar amount invested at the same rate will yield $2400 interest over a 3-year period ?
A) 2d/3 B) 3d/4 C) 4d/3 D) 3d/2 E) 8d/3
the answer is E
I found one part of the answer but I didn't find the ratio rate.
Could demonstrate the simplest way to resolve it ?
An investment of "d" dollars at "k" percent simple annual interest yield $600 interest over a 2-year period. In terms od d, what dollar amount invested at the same rate will yield $2400 interest over a 3-year period ?
A) 2d/3 B) 3d/4 C) 4d/3 D) 3d/2 E) 8d/3
the answer is E
