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Source: GMAT Prep
If $10,000 is invested at x percent simple annual interest for n years, which of the following represents the total amount of interest, in dollars, that will be earned by this investment in the n years?
A. \(10,000(x^n)\)
B. \(10,000\left(\dfrac{x}{100}\right)^n\)
C. \(10,000n\left(\dfrac{x}{100}\right)\)
D. \(10,000\left(1+\dfrac{x}{100}\right)^n\)
E. \(10,000n\left(1+\dfrac{x}{100}\right)\)
The OA is C
If $10,000 is invested at x percent simple annual interest for n years, which of the following represents the total amount of interest, in dollars, that will be earned by this investment in the n years?
A. \(10,000(x^n)\)
B. \(10,000\left(\dfrac{x}{100}\right)^n\)
C. \(10,000n\left(\dfrac{x}{100}\right)\)
D. \(10,000\left(1+\dfrac{x}{100}\right)^n\)
E. \(10,000n\left(1+\dfrac{x}{100}\right)\)
The OA is C
