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

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Senior Manager
Senior Manager
Joined: 20 May 2014
Posts: 282
Followers: 7

Kudos [?]: 35 [0], given: 218

John invests 100 dollars in account that yields 8% simple in [#permalink] New post 12 Oct 2017, 20:44
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A
B
C
D
E

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
Intern
Joined: 12 Oct 2017
Posts: 23
Followers: 0

Kudos [?]: 12 [0], given: 3

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

100 + 100*8/100 = 108
1 KUDOS received
Director
Director
Joined: 03 Sep 2017
Posts: 522
Followers: 0

Kudos [?]: 217 [1] , given: 66

Re: John invests 100 dollars in account that yields 8% simple in [#permalink] New post 15 Oct 2017, 02:20
1
This post received
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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John invests 100 dollars in account that yields 8% simple in

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