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. $71.50
    C. $610 D. $210
    Hint

  2.   Jerry borrowed $3,900 to purchase a used car. He will be paying $137.80 for the next 30 months. Find the simple interest rate on the loan.
    A. 2.4% B. 3.6%
    C. 5% D. 6%
    Hint

  3.   Find the total amount in the account to the nearest cent if $900 is deposited in an account with an annual interest rate of 6.25% for 7 months.
    A. $32.81 B. $393.75
    C. $1,293.75 D. $932.81
    Hint

  4.   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. $528.75 B. $471.25
    C. $28.75 D. $3,375.00
    Hint

  5.   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



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