10. Q10
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Similar Question 1
<p>Jasmine invests $400 at 8% annual interest. compounded annually. How much interest will be earned after 5 years?</p><p>A $160</p><p>B $187.73</p><p>C $560</p><p>D $587.73</p>
Similar Question 2
<p>Steve deposits $835 into an account that earns 8.25% per year, compounded annually.</p><p>a) Determine the amount in the account after 5 years.</p><p>b) How much interest will have been earned?</p>
Similar Question 3
<p>For each investment, calculate the interest earned and the total amount.</p><p>Principle = <code class='latex inline'>\$500</code>, Rate of Simple Interest per Year = <code class='latex inline'>4.8\%</code>, Time = <code class='latex inline'>8</code> years.</p>
Similar Questions
Learning Path
L1 Quick Intro to Factoring Trinomial with Leading a
L2 Introduction to Factoring ax^2+bx+c
L3 Factoring ax^2+bx+c, ex1
Now You Try
<p>For each investment, calculate the interest earned and the total amount.</p><p>Principle = <code class='latex inline'>\$500</code>, Rate of Simple Interest per Year = <code class='latex inline'>4.8\%</code>, Time = <code class='latex inline'>8</code> years.</p>
<p>Steve deposits $835 into an account that earns 8.25% per year, compounded annually.</p><p>a) Determine the amount in the account after 5 years.</p><p>b) How much interest will have been earned?</p>
<p>For each investment, calculate the interest earned and the total amount.</p><p>Principle = <code class='latex inline'>\$4 500</code>, Rate of Simple Interest per Year = <code class='latex inline'>12\%</code>, Time = <code class='latex inline'>100</code> days.</p>
<p>For each investment, calculate the interest earned and the total amount.</p><p>Principle = <code class='latex inline'>\$50 000</code>, Rate of Simple Interest per Year = <code class='latex inline'>24\%</code>, Time = <code class='latex inline'>17</code> weeks.</p>
<p>For each investment, calculate the interest earned and the total amount.</p><p>Principle =<code class='latex inline'>\$5 000</code>, Rate of Simple Interest per Year = <code class='latex inline'>3.9\%</code>, Time = <code class='latex inline'>16</code> months.</p>
<p>Ahmad deposits an amount on September 1, 2005, into an account that earns simple interest quarterly. His bank sends him statements after each quarter. The amounts for the first four quarters are shown. </p><p><strong>a)</strong> How much did Ahmad invest? </p><p><strong>b)</strong> What rate of simple interest is he earning?</p><img src="/qimages/1529" />
<p>The graph represents the total amount of an investment of principle <code class='latex inline'>\$ P</code> earning a fixed rate of simple interest over a period of 5 years. </p><img src="/qimages/2474" /> <ul> <li>How much interest is earned in 5 years.</li> </ul>
<p>Financial advisor has recommended that she invest at least <code class='latex inline'>20\%</code> of her money in treasury bonds, at a fixed rate of return, or interest rate. Following this recommendation, she invest <code class='latex inline'>\$2000</code> in a treasury bond for 4 years at a rate of <code class='latex inline'>3.5 \% </code>per year simple interest. You cannot access this money before the end of the 4 years without paying a financial penalty.</p><p><strong>(a)</strong> Determine the interest earned over the term of the bond.</p><p><strong>(b)</strong> What is the total amount she has as a result of investing $2000 after 4 years?</p>
<p>Nina deposits <code class='latex inline'>\$3500</code> into a savings account. The rate of simple interest is <code class='latex inline'>5.5\%/a</code></p> <ul> <li>By how much does the amount in her account increase each year?</li> </ul>
<p>Jasmine invests $400 at 8% annual interest. compounded annually. How much interest will be earned after 5 years?</p><p>A $160</p><p>B $187.73</p><p>C $560</p><p>D $587.73</p>
<p>Louise borrows $720, which she plans to repay in a year and a half. She is charged 9.5% simple interest.</p><p>a) How much interest must Louise pay?</p><p>b) What is the total amount that she must pay back?</p>
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