1.
Martha deposited $400 in a savings account. The account earns 7.15% interest annually. If she does not deposit or withdraw any money for 30 months, how much will she have in her account.
A.
$210
B.
$471.50
C.
$71.50
D.
$610
Hint
2.
Each month, a credit card company charges an annual interest rate of 14.9% on the unpaid balance of the account. Mrs. Jones pays $200 of her $950 balance. If she does not charge any other items, find the amount of interest she will pay next month.
A.
$141.55
B.
$11.80
C.
$9.31
D.
$111.75
Hint
3.
Find the total amount in an account to the nearest cent if $750 is deposited at 8.2% for 1
years.
A.
$811.50
B.
$92.25
C.
$842.25
D.
$840.00
Hint
4.
Find the simple interest to the nearest cent on $527.86 at 3.99% for 7.5 years.
A.
$369.90
B.
$685.82
C.
$147.43
D.
$157.96
Hint
5.
Amber borrowed $2,100 to buy a big screen television. She will be paying $103.25 each month for the next 24 months. Find the simple interest rate for her loan.
A.
10%
B.
9%
C.
10.5%
D.
9.5%
Hint