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I really appreciate the help guys

I really appreciate the help guys-example-1

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Option G:

Interest should the investor expect at the end of 10 years is $2125.00.

Solution:

Principal = $2500

Rate of interest = 8.5%

Time = 10 years


$\text{Simple interest} =(PRT)/(100)


$ =(2500* 8.5* 10)/(100)


$ =(212500)/(100)

= 2125.00

Simple interest = $2125.00

Interest should the investor expect at the end of 10 years is $2125.00.

Hence option G is the correct answer.

User Hinna
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