Find the Amount That Will Be Accumulated in the Account

question 5

Multiple Choice

Find the amount that will be accumulated in the account under the given conditions.
-The principal $15,400 is accumulated with simple interest of 16% for 5 years.

• A) $20,212.50
• B) $27,720
• C) $12,320
• D) $15,892.80

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Definitions:

E-business

Pertains to the conduct of business processes on the internet, including buying and selling products, services, and managing company operations.

Digital Communication

The exchange of information through electronic means, including email, social media, and instant messaging.