Quincy invests $350 in a savings
account that pays 2.7% simple
interest. How much simple
interest will the account earn
after 5 years if no money is
taken out or put in?

Juan has $850 in a savings account which earns 3.25% interest compounded annually. How much money will Juan have in 12 years?

Robert has $850 to deposit into two different savings
accounts.

• Robert will deposit $500 into Account I, which earns 4.5% annual simple interest.
• He will deposit $350 into Account II, which earns 4.75% interest compounded annually.

Robert will not make any additional deposits or
withdrawals.

Which amount is closest to the total balance of these two accounts at the end of 5 years?

Jose takes a loan out for $40,000 for a new car. If it has a simple interest rate of 8%, how much interest will he pay if it takes him 6 years to pay it back?

Summer opens a savings account with a deposit of $3,200. The account pays 5.8% interest compounded annually. If she makes no deposits or withdrawals over the next 3 years, how much money will she have?

Rosalie will deposit $2, 050 in an account that earns 7% simple interest per year. Her friend Alice will deposit $2,100 in an account that earns 5% interest compounded annually. The deposits will be made on the same day, and no additional money will be deposited or withdrawn from the accounts. What's the difference between Rosalie's account and Alice's after 5 years?

Karla has a school loan for $12,000. At a simple interest rate of 7.6%, how much will she pay back in total after 10 years?

Mya has a savings account with $825 that earns 10% interest compounded annually. How much interest will her account gain after 2 years?

Eddie has $825 to deposit into two different accounts.

• Eddie will deposit $300 into Account 1, which earns 5.5% annual simple interest
• He will then despot $525 into Account 2, which earns 5.25% compounded annually.

He won't make any additional deposits or withdrawals. What's the total balance of these two accounts at the end of 4 years?