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OpenStudy (anonymous):
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.835.00, 860.05, 885.70, 911.15, 937.26, ... 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.66.80, 133.60, 200.40, 267.20, 334.00, ... E.835.00, 860.05, 885.10, 910.15, 935.20, ...
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OpenStudy (anonymous):
HELP
OpenStudy (lynfran):
To calculate simple interest, use this formula: I = P x r x t Explanation: Simple Interest (I) is calculated by multiplying Principal (p) times the Rate (r) times the number of Time (t) periods.
OpenStudy (lynfran):
E...
OpenStudy (anonymous):
ok
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