You invest $50,000 today.It earns simple interest at 15% for the first 5 months,10% for the next 3 months and 12% for the last 2 months.What is the accumulated value at the end of 10 months?
A)$56,450
B)$56,250
C)$55,542
D)$55,375

Name: You invest $50,000 today.It earns simple interest at 15% for the first 5 months,10% for the next 3 months and 12% for the last 2 months.What is the accumulated value at the end of 10 months? A)$56,450 B)$56,250 C)$55,542 D)$55,375
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

The Answer is D

You Invest $50,000 Today