Savings and Investments

Suppose $4,385 is placed in a savings account for 4 years. Find the simple interest if the interest rate is 3.85%

• $168.82

• $337.65

• $506.47

• $675.29

Tags

CCSS.7.RP.A.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 Cynthial have in her savings account in 3 years?

• $1,081.25

• $1,264.06

• $1,418.75

• $168.75

Tags

CCSS.HSF.BF.A.2

James has a bank account with $500.00 that collects 2.875% interest annually. How much will be i na James' account after 24 months if no transactions are made?

• $3,375.00

• $528.75

• $28.75

• $471.25

Tags

CCSS.7.RP.A.3

Find the simple interest to the nearest cent on $527.85 at 3.99% for 7.5 years.

• $157.96

• $147.43

• $685.82

• $369.90

Tags

CCSS.7.RP.A.3

What is the total amount of money in an account where $500 is invested at an interest rate of 9.25% compounded annually for 2 years? When calculating, round numbers to the nearest hundredth.

• $525.46

• $46.25

• $596.78

• $50.53