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.
$471.50
B.
$210
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.
$111.75
B.
$11.80
C.
$141.55
D.
$9.31
Hint
3.
Cynthia opened a savings account with $1,250.00.The account pays 4.5% interest annually. If no transactions are made, how much will Cynthia have in her savings account in 3 years?
A.
$168.75
B.
$1,081.25
C.
$1,418.75
D.
$1,264.06
Hint
4.
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.
$840.00
C.
$811.50
D.
$842.25
Hint
5.
Find the simple interest to the nearest cent on $527.86 at 3.99% for 7.5 years.
A.
$685.82
B.
$147.43
C.
$157.96
D.
$369.90
Hint