Branson Company deposited $5,800 in an account paying 2.5% annual interest.

27) simple interest would Branson earn in 3 years?

A) $5,945 B) $446 C) $145 D) $435

28) Fiddler Company has a loan balance of $853.02 and must make equal payments of $100 at the end of each of the next 10 months.The monthly rate of interest that Fiddler Company is paying?

A) 4% B) 2.5% C) 3% D) 2% 28)

Branson Company deposited $5,800 in an account paying 2.5% annual interest.

29)compound interest would Branson earn in 3 years?

A) $145 B) $446 C) $6,235 D) $435 29)

30) interest-on-interest would Branson earn in 3 years?

A) $5.50 B) $33 C) $11 D) $22