8.12D

A student's parents invested $5,000 in a college savings account that pays 4.85% annual simple interest. No additional deposits or withdrawals will be made.

Which amount is closest to the interest earned on the account at the end of 15 years?

Ben deposits $1,750 into each of two savings accounts.

Account 1 earns 2.75% annual simple interest.

Account 2 earns 2.75% interest compounded annually.

Ben does not make any additional deposits or withdrawals. Which amount is closest to the difference between the interest Ben will earn in Account 1 and the interest Ben will earn in Account 2 at the end of 2 years?

Mr. Jenkins deposited $1,250 into an account. He made no additional deposits or withdrawals. Mr. Jenkins earned 4.25% annual simple interest on the money in the account.

What was the balance in dollars and cents Mr. Jenkins's account at the end of 4 years?

(a)  

Gabriel deposits $2,500 into each of two savings accounts.

Account 1 earns 4% annual simple interest.

Account 2 earns 4% interest compounded annually.

Gabriel does not make any additional deposits or withdrawals. Which amount is closest to the sum of the balances Account 1 and Account 2 at the end of 3 years?

An employee put $5,000.00 in a retirement account that offers 9% interest compounded annually. The employee makes no additional deposits or withdrawals. Which amount is closest to the interest the employee will have earned at the end of 5 years?

An investor puts $2,500 into a life insurance policy that pays 8.5% simple annual interst. If no additional investment is made into the policy, how much accumulated interest should the investor expect at the end of 10 years?

Mr. Wilkins deposited $2,500.00 into a new account at his bank.

The bank pays 6.5% interest compounded annually on this account.

Mr. Wilkins makes no additional deposits or withdrawals.

Which amount is closest to the balance of the account at the end of 2 years?

Mr. Flores opened an account with a deposit of $5,000.00

The account earned annual simple interest.

He di not make any additional deposits or withdrawals.

At the end of 4 years, the balance of the account was $6,500.

What is the annual interest rate of this account?

Tamara invested $15,000 in an account that pays 4% annual simple interest. Tamara will not make any additional deposits or withdrawals. How much interest will Tamara earn on her investment at the end of 3 years?

Nicolas has $650 to deposit into two different savings accounts.

Nicolas will deposit $400 into Account 1, which earns 3.5% annual simple interest.

He will deposit $250 into Account 2, which earns 3.25% interest compounded annually.

Nicolas will not make any additional deposits or withdrawals. Which amount is the closest to the total balance of these two accounts at the end of 2 years?