Mai put $4250 in the bank at 4.4% interest compounded annually. How much was in her account after 7 years?
$5745.03
What is the difference in the amount of money in the bank after 5 years if $2500 is invested at 3.2% interest compounded annually or at 2.9% interest compounded annually?
$42.29
$49.96
Tong loaned Jody $50 for a month. He charged 5% simple interest for the month. How much did Jody have to pay Tong?
$52.5
An amount becomes 10 times in 30 years at simple interest. Calculate the rate of interest given.
30%
Javier’s parents set an amount of money aside when he was born. They earned 4.5% simple interest each year. When Javier was 15, the account had a total of $1012.50 interest paid on it. How much did Javier’s parents set when he was born?
$1500
In how many years will $2000 amount to $2420 at the rate of interest of 10% per annum in compound interest?
2
Hiroto invested $3,000 in an account that pays 5% annual simple interest. He doesn't deposit or withdraw money from the account after the initial deposit.How much simple interest will Hiroto earn at the end of 2 years?
$300
Wayne earns 5.3% simple interest for 5 years on $3000. what is the total amount in the account?
$3795
Kristina received $125 for her birthday. Her parents offered to pay her 3.5% simple interest per year if she would save it for at least one year. How much interest could Kristina earn?
$4.38