My Apps * V Biomes of North America x 1. Topic 2: Making Your Money G. X Office Editing for Docs, Sheets & Slides | chrome extension:/bpmcoldpdmajfigpchkce Student Bookmarks K! Kahoot |DeltaMath ( Desmos Classroom.. () JLAB | ehallpass 1. ECON mod10top2_application_sprdsheet.xisx?_&d2|SessionVal=cOFPGhAWFXCt7YFmZ X File Edit Insert Format Help Q cambri 11 B/USA- fx A B C D E F G H J K 3 INSTRUCTIONS: Answer the questions by filling out the cells with either numbers or formulas. PROBLEM 1 - Simple Interest How much interest will you earn in 6 months on $1,000 if the bank pays 3% simple interest annually? Month Rate Balance Interest End Balance 8 $1,000.00 $-0 $1,000.00 9 10 3 11 12 13 6 14 $ -0 15 16 PROBLEM 2 - Compound Interest 17 Aaron is earning $% interest on his savings account. He starts with $5,000.00, 18 How much money will he have in 6 months? 19 Month Rate Balance Interest End Balance 20 $5.000.00 $- 0 $5,000.00 21 22 23 24 25 Sheet1 Sheet2 SheetB O 9 hp