Simple Interest
Sarah deposits $4,000 into a savings account for her daughter. The account earns 2.5% simple interest. Which amount is closest to the amount of money Ms. Cruse will have in her account after 8 years if she makes no additional deposits or withdrawals?
$4800
Farrah deposits $4,500 in a savings account that earns 2.9% compound interest. If Farrah makes no additional deposits or withdrawals, how much interest would she earn after 10 years?
$1,489.16
What is the formula of Volume of a Rectangular Prism?
V=LxWxH
2X+5=13
X=8
Michael is planning on attending the University of Texas at San Antonio. The total cost for his first year will be $26,280.
• His parents will pay half of this cost.
• An academic scholarship will pay another $8,000.
Which amount is closest to the minimum that Michael will have to save each month in order to pay off the remaining cost at the end of 12 months?
$428.33
Melissa takes out a loan to buy a motorcycle. The motorcycle dealership offers to loan her $7,500 at 3.8% interest compounded annually. What is the total amount Melissa will pay if she pays off the loan in 36 months?
$8,387.90
What is the formula of Volume of a Triangular Prism?
V=(LxWxH)/2
4X+10=50
X=10
Anginell puts $3,000 in a retirement account that earns 4.5% simple interest. If no additional deposits or withdrawals are made, how much interest will Anginell earn after 15 years?
$2025
Marco opened a savings account in two different banks.
• At Bank 1, Marco deposited $1,000 in an account that earns 6.5% compound interest.
• At Bank 2, Marco deposited $2,000 in an account that earns 3% compound interest.
What is true about the balances in the two accounts after 6 years?
Account Balance of 1 is $1,459.14
Account Balance of 2 is $2,388.10
What is the formula is of Volume of Pyramid?
V=(LxWxH)/3
2X+5=8X-7
X=2
Ken has $5,000 to deposit in a savings account. Which of the following situations would earn him the most money in interest?
A. 5% simple interest for 7 years
B. 6% simple interest for 5 years
C. 2% simple interest for 8 years
D. 8% simple interest for 4 years
A
What is the formula of Compound Interest? AND How do I get the Interest?
A=P(1+r)^t, Subtract the Principal
What is the volume of a Rectangular Prism if the length is 5, height is 10, and width is 15?
750
x/2+8=10
x=4
What is the Formula for Simple Interest? AND how do I get the Total if the formula only gives me the interest?
I=PRT, by adding the principal to it
Jerry deposited $300 into an account that earns 4.8% compound interest. What is his Account Balance after 3 years?
$345.31
What is the volume of a Triangular Prism if the length is 5, height is 10, and width is 15?
375
3x+2x+8x=26
x=2