[FONT="]1. A retiree invests $3,000 in a savings plan that pays 3% per year. What will the account balance be at the end of the first year?
[/FONT][FONT="]2. A friend lends you $240, which you agree to repay with 4% interest.[/FONT]
[FONT="]How much will you have to repay?[/FONT]
[FONT="]How much of that was interest?[/FONT]
3. [FONT="]Alewuya invests $14,000 at 2% simple interest for 7 year. How much is in the account at the end of the 7 years period?
thank you!
[/FONT]
[/FONT][FONT="]2. A friend lends you $240, which you agree to repay with 4% interest.[/FONT]
[FONT="]How much will you have to repay?[/FONT]
[FONT="]How much of that was interest?[/FONT]
3. [FONT="]Alewuya invests $14,000 at 2% simple interest for 7 year. How much is in the account at the end of the 7 years period?
thank you!
[/FONT]