1.   If you invest $1200 in an account that pays 13.2% simple interest, what is the balance of the account after 4 years?
    A. $1833.60 B. $1358.40
    C. $5433.60 D. $633.60
    Hint

  2.   What is the interest earned on a $348 investmant at % for
9 months?
    A. $22.62 B. $11.31
    C. $16.97 D. $15.08
    Hint

  3.   Determine the amount of interest owed after 2 years on a $850 loan at % if no payments are made.
    A. $1058.25 B. $208.25
    C. $104.13 D. $745.87
    Hint

  4.   Find the interest earned if $278.50 is placed in a savings account at 9.5% simple interest for 3 years.
    A. $90.34 B. $79.37
    C. $28.50 D. $26.46
    Hint

  5.   Find the interest earned if you place $76.43 into an account that pays 21.5% simple interest, and leave it in for 3 months.
    A. $4.11 B. $49.30
    C. $23.22 D. $278.59
    Hint



Glencoe
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