HELP WITH MATH! simple and compounded intrest!?
hi! my teacher does a part of a chapter each day like to day wuz 3.8 yesterday wuz 3.7, b4 tat 3.6. and there is not enough time to review much or anything so please help! its 1-16!!!!!
find the amount of the simple interest earned for #'s 1 through 8
1) principal: $620
annual rate: 3.5%
time: 2 yrs.
2) principal: $500
annual rate: 6.5
time: 32 months
3) principle: $750
annual rate: 3.5%
time: 18 months
4) principal: $2000
annual rate: 4%
time: 5 yrs.
for an account that earns simple annual intrest, find the balance of the account.
this might help!:
I = prt I= intrest P= principle R= intrest rate T= time in years (not months)
5) P=$400,r = 3%,t=6 years
6)p=$950, r =4.5,t = =5 yrs.
7) p= $1500,r=2%,t = 4months
8)p = $2400, r = 3.25 t,= 5 years
9 -13 needs to be a COMPOUND INTREST
9) principle $1200
annual rate: 4%
time: 3 years
10) princible: $3500
annual rate: 3.6%
time: 54 months
11) principal: $840
annual rate: 2.75%
time: 3 yrs.
12) principal: $1550
annual rate: 5.8
time: 54 months
13) you deposit $700 in a saving account that pays 4.2% simple annual interest. how much will you have in you account after 63 months?
14) on january 1st, a credit card has a balance of $680 the credit card company charges an interest rate of 18.5% compounded annually. if no payment or purchases are made, what is the balance on febuary 1st?
15) the account below earn intrest compounded annually. which account will have the greater balance in the given time? explain your reasoning.
Account A Account B
principal:$350 principal: $350
annual rate: 2.25% annual rate: 4.5
time: 20 yrs. time: 10 yrs.
16) how much money must yu deposit into a savings account that pays 4.8% simple annual intrest to have a balance of $1850 after 10 yrs?
please, this is weird but when summiting your answer, please do NOT show your work! and please do this:
1. your answer
2. your answer
ect....
THANKS FOR THE HELP!!!!!!