5 questions
Suppose $4,385 is placed in a savings account for 4 years. Find the simple interest if the interest rate is 3.85%
$168.82
$337.65
$506.47
$675.29
Cynthia opened a savings account with $1,250.00. The account pays 4.5% interest annually. If no transactions are made, how much will Cynthial have in her savings account in 3 years?
$1,081.25
$1,264.06
$1,418.75
$168.75
James has a bank account with $500.00 that collects 2.875% interest annually. How much will be i na James' account after 24 months if no transactions are made?
$3,375.00
$528.75
$28.75
$471.25
Find the simple interest to the nearest cent on $527.85 at 3.99% for 7.5 years.
$157.96
$147.43
$685.82
$369.90
What is the total amount of money in an account where $500 is invested at an interest rate of 9.25% compounded annually for 2 years? When calculating, round numbers to the nearest hundredth.
$525.46
$46.25
$596.78
$50.53