17) When your father was born 50 years ago, his grandparents deposited $250 in an account for him. Today, that account is worth $11,000. What was the annual rate of return on this account?

A) 7.86 percent

B) 7.34 percent

C) 5.87 percent

D) 8.65 percent

E) 7.5 percent

18) Thomas invests $112 in an account that pays 6 percent simple interest. How much money will Thomas have at the end of 4 years?

A) $141.40

B) $132.16

C) $133.39

D) $138.88

E) $145.60

19) Beatrice invests $1,400 in an account that pays 5 percent simple interest. How much more could she have earned over a 6-year period if the interest had been compounded annually?

17) When your father was born 50 years ago, his grandparents deposited $250 in an account for him. Today, that account is worth $11,000. What was the annual rate of return on this account? A) 7.86 percent B) 7.34 percent C) 5.87 percent D) 8.65 percent E) 7.5 percent 18) Thomas invests $112 in an account that pays 6 percent simple interest. How much money will Thomas have at the end of 4 years? A) $141.40 B) $132.16 C) $133.39 D) $138.88 E) $145.60 19) Beatrice invests $1,400 in an account that pays 5 percent simple interest. How much more could she have earned over a 6 -year period if the interest had been compounded annually