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. $610 B. $210
    C. $71.50 D. $471.50
    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. $11.80 B. $141.55
    C. $111.75 D. $9.31
    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. $393.75 B. $932.81
    C. $32.81 D. $1,293.75
    Hint

  4.   Nick borrowed $5,500.00 to purchase a used car. The bank charges 10.25% interest on Nick's loan for a period of 5 years. Find the amount of interest Nick will pay on his loan.
    A. $281.88 B. $8,318.75
    C. $2,818.75 D. $5,781.88
    Hint

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



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