Question

I really appreciate the help guys

Answer 1

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.