Simple and Compound Interest

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- Question 1900 secondsQ.
Anne deposited $500 in an

account that earns 6% simple annual interest.

Shelly deposited $500 in an account that earns 6% annual interest

compounded annually. They leave the

money in the account for 4 years. Which

statement is true about the two investments after 4 years?

answer choices - Question 2300 secondsQ.
Carly

deposited $800 in an account that earns 6% compounded annually. Lara deposited

$800 in an account that earns 6% simple interest. How much will each girl have

in their account at the end of 10 years if they make no withdrawals or deposits?

answer choices - Question 3120 secondsQ.
In some investment accounts interest is computed on interest that has been earned in previous years. What is this method of computing interest called?

answer choices - Question 460 secondsQ.
When calculating

interest, how do you write the percent?

answer choices - Question 5120 secondsQ.
Steve deposited

$5,000 in a savings account that pays 4% interest compounded annually. Which

equation could be used to find the value of the account after 3 years?

answer choices - Question 6300 secondsQ.
Heather

invested $8,000 in a 4-year Certificate of Deposit (CD) that pays 4.1% interest

compounded annually. What is the value of the CD at the end

of the 4 years?

answer choices - Question 7300 secondsQ.
David

invests $10,000 in a savings account that pays 3.5% simple interest. If David

makes no withdrawals or deposits to the account, how much will be in the

account after 7 years.

answer choices - Question 8300 secondsQ.
Garrison

deposited $500 in an account that earns 5% annual interest compounded annually. If he makes no withdrawals or deposits, how

much interest will the account earn after 4 years?

answer choices - Question 9300 secondsQ.
Jared

invests $10,000 in a savings account that pays 3% simple interest. How many years will it take for the account

to grow to $12,700, if he makes no withdrawals or deposits?

answer choices - Question 10300 secondsQ.
Gilberto

invests $10,000 in a savings account that pays 4.75% simple interest. If Gilberto makes no withdrawals or deposits

to the account, how much will be in the account after 7 years?

answer choices - Question 11300 secondsQ.
Tran

invests $15,000 in a savings account that pays 4% simple interest. About how many years will it take for the

account to double at this interest rate?

answer choices - Question 12300 secondsQ.
Travis

invests $25,000 in a savings account that pays 2.75% simple interest. How much interest does he earn each year?

answer choices - Question 13300 secondsQ.
Audrey deposited $2,800 in a

savings account that pays 2.65% interest compounded annually. What is the total

value of the account after 7 years?

answer choices - Question 14300 secondsQ.
Sharyce put some money in a savings account that paid 2.7% simple interest. After a year, the account was worth $7,890.44. What was the amount Sharyce originally deposited?

answer choices - Question 15300 secondsQ.
Karl used his credit card to buy a 90-inch HD flat-screen TV for $2,600. The credit card company charges 28% compound interest per year. If Karl made no payments for 2 years, how much would he owe the credit card company?

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