An investor puts $2,500 into a life insurance policy that pays 8.5% simple annual interest. If no additional investment is made
into the policy, how much accumulated interest should the investor expect at the end of 10 years?
A) $21,250.00
B) $2,125.00
C) $212.50
D) $21.25
2 answers:
Answer: Option 'B' is correct.
Step-by-step explanation:
Since we have given that
Principal amount (P)= $2500
Rate of simple annual interest (R) = 8.5%
Number of years (T)= 10
As we know the formula for "Simple Interest ":
Hence, Option 'B' is correct.
Answer:
B is the correct answer
Step-by-step explanation:
You might be interested in
Maybe try dividing 1092 by 21 I got 52
First Step: Leave "x" alone, pass the 3 to the other side
X= 10+3
Second Step: Add 10 plus 3
X= 13
So your answer is: x=13
holdig several tools because he do someting or she :
I think is a person
Step-by-step explanation:
A quintic trinomial has a maximum power of 5 and three terms.
For example: x^5 + x^4 + x^3
Here, the only quintic trinomial is D: 3x^5 + 7x^2 - 9x^4
Answer:
Can't read the picture. Please take a bigger picture of the triangle.
