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- 1. Multiple Choice
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

- 2. Multiple Choice
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

- 3. Multiple Choice
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

- 4. Multiple Choice
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

- 5. Multiple Choice
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

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