Tuesday, September 21, 2010

If $10,000 is invested at x percent simple annual interest for n years, which of the following represents the total amount of interest, in dollars, that will be earned by this investment in the n years?

A) 10,000(x^n)
B) 10,000(x/100)^n
C) 10,000n*(x/100)
D) 10,000(1+x/100)^n
E) 10,000n*(1+x/100)





Hint --- Plug in values like ...p=10000, x =10, n=10 and apply the formula -- pnr/100

Plug in values in the list of answers and the correct one will give u the interest as same as the formula applied above.....i.e. C

No comments: