An investment of d dollars at k percent simple annual interest yields $600 over a 2 year period. In terms of d, what dollar amount invested at the same rate will yield $2,400 over a 3 year period?
An investment of d dollars at k percent simple annual interest yields $600 over a 2 year period. In terms of d, what dollar amount invested at the same rate will yield $2,400 over a 3 year period? (A) (2d)/3 (B) (3d)/4 (C) (4d)/3 (D) (3d)/2 (E) (8d)/3 Explanation: An investment of d dollars at […]