• 19 Questions
Find the simple interest earned in a savings account given that $552 is deposited for 7 months with an interest rate of per year.
Find the simple interest earned on a savings account where $5 600 is deposited for 7 years if the interest rate is per year.
How much interest will Dorothy earn in 10 years if she deposits $305 in a savings account at simple interest?
The following table represents a bank’s different loan packages. Determine, to the nearest cent, the simple interest earned on $3 700 for 12 months.
|Time||6 months||9 months||12 months||18 months|
In a bank, the interest rate is per year. How much would Jeremy earn if he deposited $5 985 in his savings account for years? Round your answer to the nearest cent.