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Mathematics

8th

grade

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Savings and Investments

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5 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    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
    30 seconds
    1 pt

    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
    30 seconds
    1 pt

    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

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