LaibaF457787 LaibaF457787
  • 25-10-2022
  • Mathematics
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how much accumulated interest should the investor expect at the end of 10 years?

how much accumulated interest should the investor expect at the end of 10 years class=

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LyndsiC493950 LyndsiC493950
  • 25-10-2022

Answer:

The correct option is D

The accumulated interest after 10 years is $2,125.00

Explanation:

We have the following parameters:

Principal (P) = $2,500

Rate (R) = 8.5%

Time (T) = 10 years

To calculate the interest after 10 years, we use the formula:

[tex]A=\frac{PRT}{100}[/tex]

[tex]\begin{gathered} A=\frac{2500\times8.5\times10}{100} \\ \\ =2125 \end{gathered}[/tex]

The interest is $2,125

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