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Simple Interest and Linear Growth
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GMAT
GMAT.066 Simple Interest and Linear Growth
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A principal of P dollars earns annual simple interest at r%. Which expression models the total amount after n years and 6 additional months?
A
P(1 + (r/100)(n + 6))
B
P(r/100)(n + 0.5)
C
P(1 + r/100)^(n + 0.5)
D
P(1 + (r/100)(n + 0.5))
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