1.   Find the interest earned if $580 is placed in a savings account at 4.8% simple interest for years.
    A. $27.84 B. $14.50
    C. $69.60 D. $48.72
    Hint

  2.   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. $5433.60
    C. $633.60 D. $1358.40
    Hint

  3.   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

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

  5.   If you invest $7,593 in an account that pays 5.6% simple interest, and you leave all of the money in the account, what is the balance of the account after 7 years?
    A. $56,127.46 B. $531.51
    C. $8,018.21 D. $10,569.46
    Hint



Glencoe
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