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a) Barbara deposited $1500 into an account that earns 6% simple interest each year. How much interest will she earn in 5 years? b) Paula
a) Barbara deposited $1500 into an account that earns 6% simple interest each year. How much interest will she earn in 5 years?
b) Paula borrowed $750 from a bank that is charging 8.5% simple interest. If she pays the loan off in 9 months how much interest will she pay?
c)
Don invested $5000 in an account paying 5% simple interest per year for 7 years.
How much interest will Don earn at the end of 7 years? (2 marks)
How much will be in Dons account at the end of 7 years? (1 mark)
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