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17 Jan 2024, 07:45
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
85% (01:07) correct
15%
(00:58)
wrong
based on 65
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Not Attempted Yet
Alice deposited $10,000 in her savings account in 2013 at 2X% annual interest, compounded semi-annually. Which of the following represents the total amount of money, including interest, Alice would have in her account after 10 years?
A) 10,000 × (2X%)^10
B) 10,000 × (1 + X%)^10
C) 10,000 × (1 + 2X%)^10
D) 10,000 × (1 + X%)^20
E) 10,000 × (1 + 2X%)^20
A) 10,000 × (2X%)^10
B) 10,000 × (1 + X%)^10
C) 10,000 × (1 + 2X%)^10
D) 10,000 × (1 + X%)^20
E) 10,000 × (1 + 2X%)^20
17 Jan 2024, 10:11
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Bunuel
PA is D
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17 Jan 2024, 10:26
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Bunuel
\(A= P(1+\frac{r}{2*100})^{2*n}\)
Or, \(A= 10,000(1+\frac{2X}{2*100})^{2*10}\)
Or, \(A= 10,000(1+\frac{X}{100})^{20}\), Answer must be (D)
