Question

a principal of $835 is invested in an account at 2 percent per quarter simple interest. which of the following sequences describes the dollar amount of principal amount at quarterly intervals? (there can be more than one correct answer)

A. 66.80, 133.60, 200.40, 267.20, 334.00,...
B. 835.00, 851.70, 868.73, 886.11, 903.83,...
C. 16.70, 33.40, 50.10, 66.80, 83.50,...
D. 835.00, 851.70, 868.40, 885.10, 901.80,...
E. 835.00, 901.80, 968.60, 1035.40, 1102.20,...

Answer 1

Use:
A=P(1+r/n)^(tr)

Answer 2

do you have a time period?