You Have Just Put $5,000 into an Investment That Offers

question 12

Multiple Choice

You have just put $5,000 into an investment that offers a 10% annual yield,using a simple interest calculation.At the end of two years your interest earned will be

• A)$500.
• B)$550.
• C)$1,000.
• D)$1,100.

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Definitions:

Positive Exponents

Represent numbers multiplied by themselves a certain amount of times, indicating a base raised to the power of a positive number.

Expression

A combination of numbers, variables, and mathematical operations that represents a particular value.

X

Often used in mathematics as a variable or unknown value in equations and algebraic expressions.

Simplify

The process of altering an expression to make it easier to understand or work with, often by combining like terms or eliminating complex fractions.