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After 2 Years, an Investment of $1500 Compounded Annually at Interest

Question 101

Multiple Choice

After 2 years, an investment of $1500 compounded annually at interest rate r will yield 1500(1+r) 21500 ( 1 + r ) ^ { 2 } . Find this product.


A) r2+2r+1500r ^ { 2 } + 2 r + 1500
B) 1500r2+3000r+15001500 r ^ { 2 } + 3000 r + 1500
C) 1500r2+1500r+15001500 r ^ { 2 } + 1500 r + 1500
D) 1500r2+15001500 r ^ { 2 } + 1500
E) 3000r2+1500r+15003000 r ^ { 2 } + 1500 r + 1500

Correct Answer:

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