Jonathan’s grandparents lend $50,000 to Jonathan at a simple annual interest rate of 10%. He pays them back 5 years later. How much do they receive?  Pick one:
A) 50,000∗0.1^5	B) 50,000∗0.5	C) 50,000∗1^.5	D) 50,000∗1.5	E) (50,000∗0.1)^5
if you are like me and have used S.I = P x R x T formula in school, while the question is asking for Amount in 5 years. so (50,000∗1.5) 50,000∗ 1.5   Ans : 50,000∗1.5
<result>D</result>
Jonathan’s grandparents lend $50,000 to Jonathan at a simple annual interest rate of 10%. He pays them back 5 years later. How much do they receive?