1) Patsy Bryan deposits $1,500 in a savings account at Carson Savings Bank. The account pays an annual interest rate of 3 % percent. She makes no other deposits or withdrawals. After 4 months, the interest is calculated. How much simple INTEREST does her money earn? (from Section 5.4)

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Period 6
LA Meet - knu-fnuw-axa
NZ13M)YXMZUY/a/MjkyMTYwMzk50DU3/details
Warm-up, 3/3
Answer the following questions.
d or create
1) Patsy Bryan deposits $1,500 in a
savings account at Carson Savings
Bank. The account pays an annual
interest rate of 3 % percent. She
makes no other deposits or
withdrawals. After 4 months, the
interest is calculated. How much
simple INTEREST does her money
earn? (from Section 5.4)
2) Simpsons Bank pays 4 percent
interest compounded quarterly
on regular savings accounts.
Nathaniel Larson deposited
$1,000 for 3 years. He made no
other deposits or withdrawals.
How much was Larson's
as done
AMOUNT at the end of 3 years?
(from Section 5.6)
aments
o CARL MATTHEWS
Page
2 I 2
Q +
&
7.
8.
Transcribed Image Text:Period 6 LA Meet - knu-fnuw-axa NZ13M)YXMZUY/a/MjkyMTYwMzk50DU3/details Warm-up, 3/3 Answer the following questions. d or create 1) Patsy Bryan deposits $1,500 in a savings account at Carson Savings Bank. The account pays an annual interest rate of 3 % percent. She makes no other deposits or withdrawals. After 4 months, the interest is calculated. How much simple INTEREST does her money earn? (from Section 5.4) 2) Simpsons Bank pays 4 percent interest compounded quarterly on regular savings accounts. Nathaniel Larson deposited $1,000 for 3 years. He made no other deposits or withdrawals. How much was Larson's as done AMOUNT at the end of 3 years? (from Section 5.6) aments o CARL MATTHEWS Page 2 I 2 Q + & 7. 8.
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