Bradley clemons bradley currently has a visa card from his bank with the following terms: 21 percent on purchases, 25 percent on cash advances with a 3 percent cashminusadvance fee on the amount, and a default or penalty rate of 33 percent. his current statement shows a balance of $9,000. lately, he has been having a hard time paying more than the minimum payment of 3 percent of his balance. what is the current apy on this credit card if it is compounded monthly?

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%