Question

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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

$\text{Simple interest} =\frac{PRT}{100}$

                       $=\frac{2500\times 8.5\times 10}{100}$

                       $=\frac{212500}{100}$

                       = 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.