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I. Find the simple interest on a $5,523 principal, deposited for seven years, at a rate of 4.99%. 2. Tara has a savings account at

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I. Find the simple interest on a $5,523 principal, deposited for seven years, at a rate of 4.99%. 2. Tara has a savings account at a bank that charges a $3.75 fee for every month her balance falls below $2,500. Her account has $2,722 and then she withdraws $300. What is her balance in five months if her account balance never reaches $2,500? 3. Ten months ago Bridgette deposited $12,000 in a four-year CD. She has received $424.32 in interest. She withdraws $1,750. This is before the CD matures, so she pays a $450 penalty. What is her balance after the withdrawal? 4, Brad deposited S855 in an account that pays l.99% simple interest, for 2 years. a. How much interest did the account earn? b. What is the ending balance? c. How much interest did the account earn the first year? d. How much interest did the account earn the third year? 5. Sean has two single accounts at Corona Bank. One account has a balance of $174,898.09 and the other has a balance of $277,999.99. What is the sum of Sean's balances? 6. Syrena deposits $11,533 in a savings account that pays 5 34 % interest, compounded semiannually a. How much interest does the account earn in the first six months? b. What is the ending balance after six months? c. How much interest does the account earm in the second six months? d. What is the balance after one year? e. How much interest does the account earn in the first year? Nathan deposited $2,600 in an account that yields 7.99% interest, compounded semiannually. How much is in the account after 24 months? 7

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