Yoko invested s4000 in a fund for 2 years and was paid simple interest. The total interest that she received on the investment was $400. As a percentage, what was the annual interest rate of her investment? If necessary, refer to the list of financial formulas. [% ?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Yoko invested s4000 in a fund for 2 years and was paid simple interest. The total
interest that she received on the investment was $400. As a percentage,
00
what was the annual interest rate of her investment?
If necessary, refer to the list of financial formulas.
Transcribed Image Text:Yoko invested s4000 in a fund for 2 years and was paid simple interest. The total interest that she received on the investment was $400. As a percentage, 00 what was the annual interest rate of her investment? If necessary, refer to the list of financial formulas.
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