A principal of $835 is invested in an account at 2% per quarter simple
interest. Which of the following sequences describes the dollar amount of
principal in the account at quarterly intervals?
A. 66.80, 133.60, 200.40, 267.20, 334.00, ...
B. 835.00, 851.70, 868.40,885.10, 901.80, ...
C. 835.00, 901.80, 968.60, 1,035.40, 1,102.20, ...
D. 16.70, 33.40, 50.10, 66.80, 83.50,...
E. 835.00, 851.70, 868.73, 886.11, 903.83, ...

Respuesta :

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Answer E

Step-by-step explanation: The first number is 835 as this is how much you have in the bank to begin with. Work out 2% of 835.