Multiple Choice
Your grandparents just gave you a gift of $15,000.You are investing this money for 12 years at 6 percent simple interest.How much money will you have at the end of the 12 years?
A) $15,900
B) $16,000
C) $17,375
D) $25,800
E) $26,938
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q15: Your friend claims that he invested $5,000
Q16: Eric has $4,800 that he wants to
Q17: Which of the following will increase the
Q18: Martha is investing $5 today at 6
Q19: Sara is investing $1,000 today.Which one of
Q22: Jamie earned $180 in interest on her
Q23: Jim just deposited $13,000 into his account
Q25: Centre Bank pays 2.5 percent interest,compounded annually,on
Q29: By definition, a bank that pays simple
Q86: Explain the Rule of 72.