When the Interest Rate Is R, the Formula for Finding

question 149

Multiple Choice

When the interest rate is R, the formula for finding the value of a current amount $M one year from now is:

• A) M (1 + R/100).
• B) M (1 + R).
• C) M / (1 + R).
• D) M / R.
• E) M / (100R).

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