Find the Simple Interest on a $200 Investment Made for 5

question 88

Multiple Choice

Find the simple interest on a $200 investment made for 5 years at an interest rate of 8%/year. What is the accumulated amount? ​

• A) The simple interest is $80,
• The accumulated amount is $280.
• B) The simple interest is $105,
• The accumulated amount is $255.
• C) The simple interest is $100,
• The accumulated amount is $300.
• D) The simple interest is $95,
• The accumulated amount is $265.

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Definitions:

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