Geegeeee Sykes !
2010-03-03 18:50:25 UTC
Can someone explain simply what I'm supposed to do , and do an example using one of these or a different one ,
Pleaaase and thank you ! (:
1. Jaycee Alvarez deposits $300 in a savings account at City Bank. The account pays an annual interest rate of 5 percent. She makes no other deposits or withdrawals. After three months the interest is calculated. How much simple interest does her money earn?
A. $4.00
B. $3.95
C. $3.75
D. $4.25
2. Stephen Snell has $400 in his savings account. His annual interest rate is 4 percent. What is the interest after six months?
A. $7
B. $8
C. $6
D. $16
3. The principal on Wallace Wilkins’ savings account is $300. The annual interest rate is 5 percent. What is the interest after six months?
A. $7.80
B. $7.50
C. $7.60
D. $7.25
4. Trina Wilsons’ bank calculates interest on a daily basis. Complete the following interest calculation:
Principal x Rate x Time = Interest
$3,500 x 0.05 x
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=
A. $41.35
B. $46.55
C. $45.73
D. $43.63
5. Natasha Evans deposited $1,100 in a savings account that earns 5 percent interest compounded quarterly. The amount in her account at the end of the second quarter was $1,127.67. How much compound interest had she earned?
A. $27.67
B. $13.68
C. $13.67
D. $127.67
6. Malik Montez’s savings account has a principal of $1,640. It earns 6 percent interest compounded quarterly. What is the amount at the end of the second quarter?
A. $1,634.23
B. $1,657.89
C. $1,689.57
D. $1,897.67
7. Ginger Yiu has a principal of $900 in her savings account. It earns 6 percent interest compounded quarterly. What is the amount in the account at the end of the third quarter?
A. $945.22
B. $941.11
C. $935.67
D. $987.33
17. Darryl Braxton deposits $950 in a savings account at Home City Bank. The account pays an annual interest rate of 6 percent. He makes no other deposits or withdrawals. After 5 months the interest is calculated. How much simple interest does his money earn?
A. $23.75
B. $25.00
C. $32.00
D. $27.75
18. Avril Lamberto has a principal of $600 in her savings account. It earns 4 percent interest compounded quarterly. What is the amount in the account at the end of the third quarter?
A. $618.18
B. $620.45
C. $606.54
D. $625.35
19. Tina Gomez has a principal of $925 in her savings account. It earns 5 percent interest compounded quarterly. What is the amount in the account at the end of the second quarter?
A. $938.45
B. $942.56
C. $945.23
D. $948.27
20. Zak Roll deposits $600 in a savings account at Home City Bank. The account pays an annual interest rate of 6 percent. She makes no other deposits or withdrawals. After 5 months the interest is calculated. How much simple interest does her money earn?
A. $14.34
B. $15.00
C. $15.98
D. $12.00