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Business, 12.02.2020 05:16 darriennichole

A friend has $950 that has been saved from her part-time job. She will need her money, plus any interest earned on it, in six months and has asked for your help in deciding whether to put the money in a bank savings account at 5% interest or to lend it to Simone. Simone has promised to repay $969 after six months. Calculate the rate of return if the money is lent to Simone. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e. g., 32.16))Rate of return on annual basis:%

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A friend has $950 that has been saved from her part-time job. She will need her money, plus any inte...
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