A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

anonymous

  • one year ago

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, ...

  • This Question is Closed
  1. welshfella
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    each quarter 0.03 * 835 is added the the principal amount 9 0.03 = 3%) 0.03 * 835 = $25.05

  2. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    so c?

  3. welshfella
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    after first quarter principal = 835 + 25.05 = 860.05

  4. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    ok

  5. welshfella
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    No c gives the interest you want the principal every quarter

  6. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    its either c or d

  7. welshfella
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    which of the options adds 25.05 dollars each quarter?

  8. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    its d

  9. welshfella
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    Not c - this gives the interest only

  10. welshfella
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    yes

  11. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    thx

  12. welshfella
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 1

    yw

  13. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.