Solved

After 2 Years, an Investment of $500 Compounded Annually at an Interest

Question 64

Multiple Choice

After 2 years, an investment of $500 compounded annually at an interest rate r will yield an amount of 500(1+r) 2.500 ( 1 + r ) ^ { 2 }. Write this polynomial in standard form.


A) 1,000 + 1,000r
B) 250,000 + 500,000r + 250,000r2
C) 500 + 1,000r + 500r2
D) 500r2 + 1,000r + 500
E) 500r2 + 500r + 500

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions