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3 September, 10:31

A principal of $835 is invested in an account at 4 percent per quarter simple interest. Which of the following sequence (s) describes the dollar amount of principal in the account at quarterly intervals? A. 33.40, 66.80, 100.20, 133.60, 167.00, ... B. 835.00, 868.40, 901.80, 935.20, 968.60, ... C. 835.00, 901.80, 968.60, 1,035.40, 1,102.20, ... D. 835.00, 851.70, 868.73, 886.11, 903.83, ... E. 66.80, 133.60, 200.40, 267.20, 334.00, ...

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  1. 3 September, 13:30
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    The answer to your question would be A.
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