Basics Of Engineering Economy
Basics Of Engineering Economy
2nd Edition
ISBN: 9780073376356
Author: Leland Blank, Anthony Tarquin
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 1, Problem 73APQ

An investment of $8,000 nine years ago has accumulated to $16,000 now. The compound rate of return earned on the investment is closest to:

  1. a. 6%
  2. b. 8%
  3. c. 10%
  4. d. 12%
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Which of the following 1-year investments has the lowest rate of return? (a) $24,500 that yields $2222 in interest, (b) $82,000 that yields $8240 in interest, or (c) $62,500 that yields $5000 in interest .

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Basics Of Engineering Economy

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