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Julia deposited $250 in a savings account that earns 2.7% simple interest. How much interest has Julia earned by the end of the first year? $6.75 $92.59 $256.75 $675.002. Armand deposited $389.42 in a savings account that earns 3.2% simple interest. What is Armand’s account balance after seven years? $87.23 $401.88 $476.65 $872.303. Andy deposited $1,567.12 in a savings account that earns 1.9% simple interest. What will Andy’s account balance be in nine months? $1,567.12 $1,589.45 $1,596.90 $1,835.10

User Tushar
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1 Answer

3 votes

For the first question, we have to use the formula of simple interest, which is


Interest= Principal * rate * time

Substituting the values


Interest = 250*0.027*1=6.75

Second question


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Third question


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User Suniel
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