Part B

if you deposit $3,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years? Do not round intermediate calculations. Round your answer to the nearest cent. S Billy Thornton borrowed $250,000 at a rate of 7.25%, simple interest with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Billy have to pay in a 30-day month? Select the correct answer. O a $1.513.42 O b. $1.516.42 O c. $1,510.42 O d. $1.507.42 O e. $1,504,42