Hello, can you please help me with my math assignment, I really need help. i included everything down below. Thank you so much.

10. 11. To pay for a trip to visit his grandparents, Edward borrowed $1200 at an interest rate of 6.25% per year. How much must he repay if he pays the loan off at the end of one year? a. $1257.13 b. $1275.00 c. $1358.46 d. $1445.38 l Principal: Rate: Time: : | I : Interest: : I I l Roberta has inherited $15 000 and would like to invest the money to pay for new car in two years. If she invests the money at a simple interest rate of 5.9% per year, how much will she have for the purchase? a. $16770.00 b. $16822.22 c. $16849.87 d. $16864.12 l Principal: Rate: Time: I l Interest: | I Danielle's parents have put away $12 000 to pay for her university education. The money is invested in an RESP that pays 6.7% per year. How much will she have for university in four years, if the account pays simple interest? a. $15216.00 b. $15676.48 c. $16596.00 d. $16759.66 i Principal: Rate TIme I l Interest I I David has $9 650 put into a special investment fund that has paid, on average, 13.2% per year over the last 10 years. At this rate, how much money would David have if he left the money in the fund for 6 years, and the interest is simple interest? a. $17292.80 b. $20778.48 c. $33 341.99 d. $34647.46 I ______________________________________________________ I Principal: Rate: Time: I l Interest: | I Page 3 MBFSC Lesson 9 Assignment In this assignment you are going to explore the characteristics of simple interest Make sure you answer all questions in the spaces provided Part A: Finding the Answer In this section, you are going to use the formula for calculating simple interest to nd the answer. For each question, answer the question giving the clues that you used in determining your answer. You will be given two marks , one mark for your correct clues and one mark for the correct answer. 1. This graph shows the growth of an investment. Wm!!! Annual v- 3\" 3 t b \".500... 0 $2.400... t 0.0 0.5 [.0 1.5 L0 2.5 1.. I5 1.. 4.5 5.0 Yuri What is the initial value of the investment? a. $2000 b. $2400 c. $2500 (1. $3000 2. Kyle wants to save for a new motorcycle. He deposits $2500 in a special savings account earning 6.25% simple interest per year. How much money will he have at the end of three years? a. $2998.66 b. $2968.75 C. $3011.21 (1. $3014.11 i Principal: Rate: Time: : | | : Interest: : | I I L _____________________________________________________ J A bank is offering a special three-year investment certicate paying 3.25% per year. How much interest would you earn by the end of the three years if you deposited $1500 in the account? a. $146.25 b. $151.05 c. $152.97 d. $153.40 l Principal: Rate: Time: | : Interest: I | You have decided to buy a new plasma TV. To do so, you must use your credit card to pay $1500 of the purchase price. The credit card company charges interest at a rate of 18.5% per year. How much interest will you have to pay when you pay off the loan in one year, if the interest is simple interest? a. $277.50 b. $290.33 c. $302.28 d. $665.48 l Principal: Rate Time I l Interest: I I You have to maintain a minimum balance of $750 in your savings account. The simple interest rate earned on your savings is 3.75% per year. What is the amount of interest you earn over a two-year period? a. $28.61 b. $57.30 c. $56.25 d. $58.32 l Principal: Rate Time l l I l | l | 1 Interest: | | L _____________________________________________________ J You deposited $5000 in an investment fund that pays 4.5% per year. How much simple interest will you earn over a period of ve years? a. $225.00 b. $228.83 c. $1246.02 d. $1125.00 l Principal: Rate: Time: I : Interest: | I A $2600 investment is made for a three-year period at a simple interest rate of 6.5% per year. How much interest will be earned over the term? a. $169.00 b. $348.99 c. $507.00 d. $540.67 i Principal: Rate: Time: I 1 Interest: I I L _____________________________________________________ Page 2