Dante deposits $5000 into a savings account which earns simple interest.
No deposits or withdrawals are made from this account.
After 4 years, Dante notices there is $5600 in the account.
What is the annual rate of interest for the account?
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Number, NAP-J4-CA33 SA
Cassie opens a savings account and deposits $900 into it.
She makes no more deposits and earns simple interest on her original deposit at 3.5% each year.
How much interest will Cassie earn after 4 years?
| $ |
Number, NAP-I4-CA28 SA
Mr. Soros put $500 into a simple interest account for a year.
He did not take any money out or add any money to the account.
At the end of the year he had $530 in the account.
What was the annual percentage interest rate?
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