CHECK ANSWERS -
1. Janet deposited $1,250 in a savings account that earns 4.3% simple interest. How much intrest has Janet earned by the end of the first year?
$290.70
$1,303.75
$53.75 **
$5,375.00
2. Arnold deposited $732.19 in a savings account that earns 2.7% simple interest. What is Arnold's account balance after seven years?
A: $751.96
B: $1,383.84
C: $138.38
D: $870.57 **