The value of a deposit amount X with interest r after one period equals:
A)(X ×1)/(X × r)
B)X × (1 + r)
C)X/(1 + r)
D)All of these are true.

Name: The value of a deposit amount X with interest r after one period equals: A)(X ×1)/(X × r) B)X × (1 + r) C)X/(1 + r) D)All of these are true.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

The value of a deposit amount X with interest r after one period is calculated by multiplying the original amount by (1 + r), which represents the original amount plus the interest earned.

The Value of a Deposit Amount X with Interest R