5 An account was opened with $1,000 three years ago. Today, the account balance is $1.157.63. If the account earns a fixed annual interest rate, how long will it take until the account has earned a total of $225 in simple interest? A) Less than one more year. B) Between one and two more years. C) Between two and three more years, D) Between three and four more years, E) Between four and five more years, 6 An account paying annual compound interest was opened with $1000 10 years ago. Today, the account balance is $1.500, If the same interest rate is offered on an account paying simple interest, how much income would be earned each year over the same time period? A) $3697 B) $40 41 $40 75 D) $41.38 E) $50.00 7 You have $500 in an account which pays 5% compound interest. How much additional dallers of interest would you com wer 4 years if you moved the money to account corning 8X? A) $21.89 D) $2a49 $2493 D) $2588 E $2994