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# John invests 100 dollars in account that yields 8% simple in

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Manager
Joined: 20 May 2014
Posts: 123
Followers: 4

Kudos [?]: 25 [0], given: 89

John invests 100 dollars in account that yields 8% simple in [#permalink]  12 Oct 2017, 20:44
00:00

Difficulty:

5% (low)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
John invests 100 dollars in account that yields 8% simple interest annually. How much money will John have in his account after one year?

(A) \$4

(B) \$8

(C) \$104

(D) \$108

(E) \$110

Kudos for correct solution.
[Reveal] Spoiler: OA
Intern
Joined: 12 Oct 2017
Posts: 23
Followers: 0

Kudos [?]: 11 [0], given: 3

Re: John invests 100 dollars in account that yields 8% simple in [#permalink]  13 Oct 2017, 05:34
Its 108

100 + 100*8/100 = 108
Senior Manager
Joined: 03 Sep 2017
Posts: 387
Followers: 0

Kudos [?]: 108 [1] , given: 64

Re: John invests 100 dollars in account that yields 8% simple in [#permalink]  15 Oct 2017, 02:20
1
KUDOS
100(1+i) = 100*(1+0.08) = 100*1.08 = 108. Answer D
Re: John invests 100 dollars in account that yields 8% simple in   [#permalink] 15 Oct 2017, 02:20
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