Alg. 2 Final exam review 2

Caiden earned $475 from mowing lawns last summer.He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?

• $827.52                            

• $831.10                

• $839.45                  

• $846.80                  

Mark took a loan out for $25,690 to purchase a truck. At an interest rate of 5.2% compounded monthly, how much total will he have paid after 5 years?

• $33,299.42      

• $33,672.68  

• $34,157.04        

• $34,710.88      

Kennedy won $3,000 from a radio contest. If she puts this money in a bank account that earns 2.9% interest compounded quarterly, how much interest will she earn in 10 years?

• $915.59                

• $933.28            

• $979.81              

• $1,005.09            

• ∛-234
• -3∛2
• 7∛2
• 3∛2

• A
• B
• C
• D

• A
• B
• C
• D

• A
• B
• C
• D