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If $10,000 is invested at x percent simple annual interest for n years, which of the following represents the total amount of interest, in dollars, that will be earned by this investment in the n years?
A. 10,000(x^n)B. 10,000(x/100)^nC. 10,000n(x/100)D. 10,000(1+x/100)^n E. 10,000n(1+x/100)

Respuesta :

JeanaShupp

Answer: C. [tex]10000n\dfrac{x}{100}[/tex]

Step-by-step explanation:

Given : The principal amount : P=$10,000

Rate of interest (in percent ) : x

Time period :  n years

The formula to calculate the simple interest is given by :-

[tex]S.I.=\dfrac{P\times R\times T}{100}[/tex]

[tex]\Rightarrow\ S.I.=\dfrac{10000\times x\times n}{100}[/tex]

it can also be written as [tex]\Rightarrow\ S.I.=10000n\dfrac{x}{100}[/tex]

Hence, C is the right option.

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