practical banking

7- The compound interest on $ 50000 at 8 % per annum for 2 years, compounded annually, is a) $ 8000 c) $8350 b) $ 8320 d) $ 8640 8- Suppose you obtain a $1,000 Treasury bill with a 4% annual rate, paid semi-annually, with a maturity in 4 years. How much interest will you earn? a) $160 c) $80 b) $169.8 d) $240 I 9- You were given $ 2000when you turned 3 years old. Your parents it at a 2% interest rate compounded annually. No deposits or withdrawals were made. Which expression can be used to determine how much money you had in the account when you turned 18? a) 2000(1+0.02)18 c) 2000(1-0.02) b) 2000(1+0.02) d) 2000(1-0.02) 10- Andrew borrows $79,500 for 2 years and earns $10,017 of simple interest. Calculate the interest rate? a) 7% b) 6.3% c) 6% d) 5.3%