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标题: prep1-13 [打印本页]

作者: swimmingfrogs    时间: 2008-8-19 07:27     标题: prep1-13

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,earned in n years?

the official answer is 10000n(x/100),but i think it should be 10000(x/100)n


作者: sheeper2008    时间: 2008-8-19 20:57

simple annual interest应该就是指每年的利息一样吧
作者: swimmingfrogs    时间: 2008-8-20 06:49

每年利息一样但总不会第三年的利息还是在本金的基础上算吧,迷惑中.
作者: wenmigfo90    时间: 2008-8-21 06:44

That's the difference between compounded interest rate and simple interest rate. Simple interest rate will always apply to the original deposit. Compounded interest rate includes the generated interests in calculating the interests for the following period.


So the official answer is correct. For compounded annual interest, the answer would be 10,000*(1+x/100)^n


作者: swimmingfrogs    时间: 2008-8-24 15:45

thx for your answer!




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