Jason deposited $1,500 into an account earning 3.6% simple interest. How much mo
ID: 3122368 • Letter: J
Question
Jason deposited $1,500 into an account earning 3.6% simple interest. How much money will the account be worth at the end of 6 months?
$1,502.70
$1,503.24
$1,527.00
$1,532.40
By using coupons, Lisa saved $555 the last time she went shopping. She deposited that money into an account paying 2% simple interest. How much will she have in the account at the end of 6 months?
$555.56
$560.55
$561.66
$610.50
Oscar made $3,000 during the summer. He deposited all his summer earnings into an account earning 4% simple interest. How much money will he have in 11 months?
$3,011.00
$3,013.20
$3,110.00
$3,132.00
Cheryl just received a rebate check in the mail for $2,000. She deposited her rebate into an account earning 4% simple interest, how much will the account be worth at the end of 4 months?
$2,002.67
$2,003.20
$2,026.67
$2,032.00
An account pays 3% simple interest. If $5,900 is deposited today, how much will the account be worth at the end of 2 months?
$5,929.50
$5,935.40
$6,195.00
$6,254.00
Suppose $50,000 is deposited into an account that pays 4% simple interest. How much money will be in the account at the end of 6 months?
$50,100.00
$50,120.00
$51,000
$51,200.00
Jeanie's deposited $3,339 in an account earning 3% simple interest. How much will she have at the end of 2 months?
$3,340.67
$3,341.00
$3,355.70
$3,539.34
If Becky deposits $9,999 into an account paying 1% simple interest, how much money will she have at the end of 4 months?
$10,002.33
$10,032.33
$10,039.00
$10,332.30
Tory took out a loan for $5,000 at 3% simple interest from her credit union to buy a used car. He plans to repay the loan in 10 months. If the principal and interest are repaid in one lump sum, how much will he need to retire the loan?
$5,015.00
$5,125.00
$6,250.00
$6,500.00
Cory borrowed $7,800 from her friend at 3% interest. She plans to repay the loan at the end of 2 months. If the principal and interest are repaid in one lump sum, how much money must she give her friend to retire the loan?
$8,268.00
$8,190.00
$7,846.80
$7,839.00
$1,502.70
$1,503.24
$1,527.00
$1,532.40
Explanation / Answer
Dear Student Thank you for using Cehgg !! Total Amount Deposited (P) = 1500 $ Rate Of Interest ('r) = 3.60% Time period (T) = 6 Months = 0.5 year Simple Interest (SI) = P*R*T/100 = 1500*3.6*0.5/100 = 27 Amount = P + SI = 1527 $ Solution Kindly note that as per Chegg policies an expert can answer max 1 question ata time. Thank you
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