aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
Multiple choice

Noah invests her money in an account that earns 2% simple interest annually. If her initial deposit is $500, which of the following gives the value of her investment after 5 years?

  1. 500(1.02)5

  2. 500 * 2 * 5

  3. 550

  4. 500(1.2)5

Reveal answer Fill a bubble to check yourself
B Correct answer

Keep practicing — related questions

  • A starts business with a capital of Rs.1000. B and C join with some investments after 3 and 6 months respec...
  • This ancient Kemetic (Egyptian) genius is considered "the first figure of a physician to stand out clearly ...
  • This ancient Kemetic (Egyptian) genius is considered "the first figure of a physician to stand out clearly ...
  • This ancient Kemetic (Egyptian) genius is considered "the first figure of a physician to stand out clearly ...
  • A boy has Rs 2. He wins or loses Re 1 at a time If he wins he gets Re 1 and if he loses the game he loses R...
  • Glenn and Jason each have a collection of tennis balls. Glenn said that if Jason would give him 2 of his ba...
  • Who said the following? "Gird up your loins for the task that now lies ahead. I had asked you for men, mone...
  • A father is 30 years older than his son however he will be only thrice as old as the son after 5 years what...

Practice this chapter

  • Simple and Compound Interest (3394 questions)
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy