Question 1 How much interest would you earn in one year if you deposited $8,500 into a savings account with a 2.17% annual simple interest rate? Group of answer choices $18.45 $192.67 $184.45 $18,445

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Question 1
How much interest would you earn in one year if you deposited $8,500 into a savings account with a 2.17% annual simple interest rate?
Group of answer choices
$18.45
$192.67
$184.45
$18,445
 
 
Question 2
What was the principal if you have an annual interest rate of 2.9% and you earned $290 in simple interest in one year?
Group of answer choices
$10,000
$9,950
$13,540
$100,000
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