anonymous
  • anonymous
A principal of $835 is invested in an account at 3% per quarter simple interest. Which of the following sequences describes the dollar amount of principal in the account at quarterly intervals? A. 66.80, 133.60, 200.40, 267.20, 334.00, ... B. 835.00, 901.80, 968.60, 1,035.40, 1,102.20, ... C. 25.05, 50.10, 75.15, 100.20, 125.25, ... D. 835.00, 860.05, 885.10, 910.15, 935.20, ... E. 835.00, 860.05, 885.70, 911.15, 937.26, ...
Mathematics
schrodinger
  • schrodinger
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welshfella
  • welshfella
each quarter 0.03 * 835 is added the the principal amount 9 0.03 = 3%) 0.03 * 835 = $25.05
anonymous
  • anonymous
so c?
welshfella
  • welshfella
after first quarter principal = 835 + 25.05 = 860.05

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anonymous
  • anonymous
ok
welshfella
  • welshfella
No c gives the interest you want the principal every quarter
anonymous
  • anonymous
its either c or d
welshfella
  • welshfella
which of the options adds 25.05 dollars each quarter?
anonymous
  • anonymous
its d
welshfella
  • welshfella
Not c - this gives the interest only
welshfella
  • welshfella
yes
anonymous
  • anonymous
thx
welshfella
  • welshfella
yw

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