1. Julia deposited $250 in a savings account that earns 2.7% simple interest. How much interest has Julia earned by the end of the first year?

$6.75

$92.59

$256.75

$675.00

2. Armand deposited $389.42 in a savings account that earns 3.2% simple interest. What is Armand's account balance after seven years?

$87.23

$401.88

$476.65

$872.30

3. Andy deposited $1,567.12 in a savings account that earns 1.9% simple interest. What will Andy's account balance be in nine months?

$1,567.12

$1,589.45

$1,596.90

$1,835.10

Question

10 November, 23:32

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Answers (1)

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Jimmy Collier · Answer 1

1. $675

2. $389.42 (3.2) ^7

3. 1567.12 (1.9) ^9/12