Jonathan’s grandparents lend $10,000 to Jonathan at a simple annual interest rate of 10%. He pays them back 5 years later. How much do they receive?  Choose the correct choice from the following choices:
A) 10,000∗0.1^5  B) 10,000∗0.5  C) 10,000∗1.5  D) 10,000∗1.1^5  E) (10,000∗0.1)^5
Let the principal be $1   So Interest for the $1 for 5 years at 10% Pa is -   1∗5∗10/100 =&gt; 0.50   Now Principal is $1 and Interest is $ 0.50 , so Amount to be returned is - $1 + $0.50 =&gt; $1.50   So, for $ 10,000 , amount to be returned is 10,000 * 1.50; Answer is (10,000∗1.5)
<result>C</result>
Jonathan’s grandparents lend $10,000 to Jonathan at a simple annual interest rate of 10%. He pays them back 5 years later. How much do they receive?