# help me 1 hour help me

Anonymous

Question description

### QUESTION 1

1. For the investment with interest compounded annually, find the final balance using the formula A = P(1 + r)t

\$600 for 4 years at 5%

 \$120 \$129.30 \$720 \$729.30

1 points

### QUESTION 2

1. What is the final balance for an account starting with \$2000 at 3.5% interest compounded annually for 3 years?

A = P(1 + r)t

 \$2217.44 \$4290.75 \$6210.00 \$8100.00

1 points

### QUESTION 3

1. Tucker invested \$3500 at 2% interest compounded annually.

How much interest will he earn in 3 years?

 \$70.00 \$210.00 \$214.23 \$3714.23

1 points

### QUESTION 4

1. Lindsay invested \$4500 at 4% interest compounded annually.

How much interest will she earn in 10 years?

 \$180.00 \$187.27 \$1800.00 \$2161.10

1 points

### QUESTION 5

1. Sunshine Bank offers 6% simple interest on deposits. Tangerine Bank offers 5% interest compounded annually. State the difference in final balances if \$2000 is deposited in each bank for 2 years.

 \$202.80 \$35 \$25 \$5

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