1.   Suppose $4,385 is placed in a savings account for 4 years. Find the simple interest if the interest rate is 3.85%.
    A. $506.47 B. $337.65
    C. $168.82 D. $675.29
    Hint

  2.   James has a bank account with $500.00 that collects 2.875% interest annually. How much will be in James' account after 24 months if no transactions are made?
    A. $3,375.00 B. $528.75
    C. $471.25 D. $28.75
    Hint

  3.   Find the total amount in an account to the nearest cent if $750 is deposited at 8.2% for 1 years.
    A. $92.25 B. $842.25
    C. $811.50 D. $840.00
    Hint

  4.   Find the simple interest to the nearest cent on $527.86 at 3.99% for 7.5 years.
    A. $157.96 B. $369.90
    C. $147.43 D. $685.82
    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. 9% B. 9.5%
    C. 10.5% D. 10%
    Hint



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