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Mathematics, 13.10.2019 11:30 rouna
1. jeffrey currently has an account balance of $1,565.00. his initial deposit on the account was $625 and it earned 4.7% simple interest. how long has jeffrey held the account?
32 years
21 years
13 years
53 years
2. kathryn currently has an account balance of $2,248.95. she opened the account 7 years ago with a deposit of $1,762.14. if the interest compounds quarterly, what is the interest rate on the account?
0.9%
3.5%
9.0%
14.2%
3. wynonna opened a savings account 30 years ago with a deposit of $5,140.17. the account has an interest rate of 3.6% compounded quarterly. how much interest has wynonna earned?
$9,923.04
$5,325.22
$9,711.32
$15,063.21
4. roberta deposited $3,116.92 into a savings account with an interest rate of 3.9% compounded quarterly. about how long will it take for the account to be worth $7,000?
14 years, 5 months
20 years, 10 months
21 years, 2 months
29 years, 11 months
5. tracy purchased a building for $209,350. the land appreciates about 4.5% each year. what is the value of the land after 15 years?
$221,440.14
$104,935.77
$405,151.38
$350,661.25
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