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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

Respuesta :

Riia

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

[tex] Interest= Principal * rate * time [/tex]

Substituting the values

[tex] Interest = 250*0.027*1=6.75 [/tex]

Second question

[tex] Amount = principal + Principal * rate * time
\\
Amount = 389.42+389.42*0.032*7 =$476.65
[/tex]

Third question

[tex] Amount = principal + principal* rate * time
\\
Amount = 1567.12+1567.12*0.019*(9/12) = $1589.45 [/tex]

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