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,...

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,...

tkhunny · Answer

It has to start at 835.00.  This discards A and C.

anonymous · Answer

the answer is d

tkhunny · Answer

It would be good to see some workings.  Oh, well.