Strictly speaking, it needs to be stated if the interest is compounded or simple.
if it is simple it's D. if it's compounded it's E
If 10,000 dollars is invested at x% annual interest for n years, which of the following represents the amount of interest in dollars that will be earned by the investment in the n years?
a) 10,000 (x^n)
b) 10,000n (x/100)
c) 10,000n (1+(x/100))
d) 10,000 (x/100)^n
e) 10,000 (1 + (x/100))^n
Can someone also tell me how to post the screen grabs from GMAT prep?
"Amicus Plato, sed magic amica veritas"